Market Outlook Report show US sales increase, Canadian decrease.
Press Release Summary:
According to August 2009 data released by PTDA, sales for US manufacturers increased by 10.7% in August 2009 compared to July 2009 while those for Canadian manufacturers dropped 6.6%. Year to year sales were down for both countries: 30.6% for US and 23.8% for Canada. Confidence in the Canadian market, measured on 1-10 scale from least to most optimistic, fell by 0.4 from last month to 4.1. US confidence held current negative position of 4.7 for its second consecutive month.
Original Press Release:
PT/MC U.S. Manufacturers Sales up, Canadian Sales Down According to PTDA's August 2009 Market Outlook Report
Chicago, Ill. - October 12, 2009 - U.S. manufacturers experienced an increase in sales while Canadian manufacturers had a drop in sales in August 2009 according to sales data released by the Power Transmission Distributors Association (PTDA). Confidence in the Canadian market (as measured on a scale of 1 to 10 with 10 being most optimistic) fell by 0.4 from last month to 4.1 the first drop since February 2009. U.S. confidence is holding at a current negative position of 4.7 for the second consecutive month.
U.S. manufacturers' sales rose by 10.7 percent in August 2009 when compared to July 2009. Sales in August 2009 are down 30.6 percent compared to the same period last year. Orders in August 2009 increased by 10.4 percent over July 2009 orders.
Canadian manufacturers' sales fell 6.6 percent compared to July 2009. Sales were down 23.8 percent when compared to the same period last year.
Product-by-product sales between July 2009 and August 2009 reflect the change in sales experienced by U.S. and Canadian manufacturers. Six of nine product categories for U.S. manufacturers-mounted bearings, positioning systems/linear motion products, shaft couplings, standard industrial motors, unmounted bearings and variable speed drives-posted sales gains. For Canadian manufacturers, three product categories posted sales gains-shaft couplings, positioning systems/linear motion products and variable speed drives.
U.S. Manufacturer Percent Change in Product Sales
(July 2009 vs. August 2009)
Product Percent Change
Gear Products: -6.6%
Mechanical Drive Systems and Other PT Products: -4.4%
Clutches & Brakes: -0.5%
Shaft Couplings: 2.4%
Standard Industrial Motors: 3.6%
Mounted Bearings: 9.5%
Unmounted Bearings: 26.9%
Variable Speed Drives: 44.0%
Positioning Systems/Linear Motion Products: 62.2%
Canadian Manufacturer Percent Change in Product Sales
(July 2009 vs. August 2009)
Product Percent Change
Clutches & Brakes: -29.6%
Mounted Bearings: -19.9%
Gear Products: -18.4%
Standard Industrial Motors: -15.6%
Unmounted Bearings: -3.6%
Mechanical Drive Systems and Other PT Products: -0.6%
Shaft Couplings: 8.4%
Positioning Systems/Linear Motion Products: 26.0%
Variable Speed Drives: 38.8%
The Market Outlook Report is published monthly by the Power Transmission Distributors Association. The full report includes U.S. and Canadian manufacturer data for sales and order trends for mounted bearings, unmounted bearings, standard industrial motors, variable speed drives, positioning systems/linear motion products, gear products, clutches and brakes, shaft couplings and mechanical drive systems and other PT products.
Year-end data for 2007 and 2008 is available in a complete report. The monthly data is available by subscription via e-mail or mail. To purchase the year-end data or to begin a subscription to the monthly data, order online at www.ptda.org/store or call PTDA at +1.312.516.2100. PTDA members may download the report at no charge through the PTDA Web site at www.ptda.org/MOR.
Founded in 1960, the Power Transmission Distributors Association (PTDA) is the leading association for the industrial power transmission/motion control (PT/MC) distribution channel. A U.S.-based trade association, PTDA represents 195 power transmission/motion control distribution firms that generate more than $10 billion in sales and span 3,500 locations in North America and 11 other countries. PTDA members also include 182 manufacturers that supply the PT/MC industry.
PTDA is dedicated to providing exceptional networking, targeted education, relevant information and leading-edge business tools to help distributors and manufacturers meet marketplace demands competitively and profitably. For more information, visit www.ptda.org.
