PTDA releases June 2008 Market Outlook Report.August 19, 2008 -
According to PTDA's month-end trend data, U.S. distributors' overall sales of power transmission/motion control products rose 2.7% in June 2008 compared to May 2008. When matched up against sales in same month last year, sales in June 2008 were up 2.1%. Canadian distributors reported negligible decrease in PT/MC sales, dropping 0.2% in June 2008 after posting 5.4% loss in May 2008. U.S. manufacturers' sales increased in June 2008, with 6.6% gain compared to May 2008.
PT/MC Sales Rebound According to PTDA's June 2008 Market Outlook Report Data |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Power Transmission Distributors Association
230 W. Monroe St
Chicago, IL, 60606-4703
USA
Press release date: August 6, 2008
Chicago, Ill. - August 6, 2008 - The Power Transmission Distributors Association (PTDA) today released June 2008 month-end trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products.
U.S. distributors' overall sales of PT/MC products rose 2.7 percent in June 2008 compared to May 2008. When matched up against sales in the same month last year, sales in June 2008 were up 2.1 percent. Accounts receivable collection days dropped 2.3 percent since May 2008. The confidence index of U.S. distributors for June remained flat at 5.6 (on a 10-point scale).
Canadian distributors reported a negligible decrease in PT/MC sales, dropping 0.2 percent in June 2008 after posting a 5.4 percent loss in May 2008. Sales over the same period last year were down 4.8 percent. Accounts receivable collection days rose 1.6 percent compared to May 2008. In June 2008, the confidence level of Canadian distributors was held constant for the fifth consecutive month at 5.7 (on a 10-point scale).
U.S. manufacturers' sales increased in June 2008, with a 6.6 percent gain compared to May 2008. Sales in June 2008 climbed 5.6 percent compared to the same period last year. Orders in June 2008 were down 5.0 percent over May 2008. The confidence level of U.S. manufacturers remained flat at 5.3 (on a 10-point scale) for the second month in a row.
Canadian manufacturer's sales increased 3.5 percent in June 2008 compared to May 2008. Sales were down 10.6 percent when compared to the same period last year. The confidence level of Canadian manufacturers increased 0.2 to 4.9 (on a 10-point scale) from May to June 2008.
Product-by-product sales between May 2008 and June 2008 reflect the overall increase in sales experienced by U.S. and Canadian manufacturers. Only three of nine product categories for U.S. manufacturers-variable speed drives, mechanical drive systems and other PT products and positioning systems/ linear motion products-posted drops in sales. For Canadian manufacturers, four product categories posted a loss-clutches & brakes, variable speed drives, mounted bearings and unmounted bearings.
U.S. Manufacturer Percent Change in Product Sales (May 2008 vs. June 2008)
Product Percent Change
Variable Speed Drives -14.9%
Mechanical Drive Systems and Other PT Products -1.5%
Positioning Systems/Linear Motion Products -2.2%
Clutches & Brakes 0.3%
Shaft Couplings 4.1%
Unmounted Bearings 7.8%
Mounted Bearings 9.0%
Gear Products 9.3%
Standard Industrial Motors 9.9%
Canadian Manufacturer Percent Change in Product Sales (May 2008 vs. June 2008)
Product Percent Change
Clutches & Brakes -24.1%
Variable Speed Drives -12.2%
Mounted Bearings -1.4%
Unmounted Bearings -1.3%
Gear Products 0.8%
Shaft Couplings 5.8%
Positioning Systems/Linear Motion Products 8.4%
Mechanical Drive Systems & Other PT Products 19.4%
Standard Industrial Motors 42.0%
The Market Outlook Report is published monthly by the Power Transmission Distributors Association. The full report includes month-to-month and year-to-year changes for the current and the previous year in sales, inventory and accounts receivables for U.S. and Canadian distributors as well as a general confidence index. U.S. and Canadian manufacturer data includes a confidence index as well as 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 2006 and 2007 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 205 power transmission/motion control distributor firms with over 3,500 locations throughout North America and 12 other countries as well as 194 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.
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