Manufacturers Sales Drop in US and Canadian markets.
Press Release Summary:
According to July 2010 sales data released by PTDA in its Market Outlook Report, sales of power transmission/motion control (PT/MC) products by US manufacturers dropped in first month of third quarter by 1.3% compared to previous month, and Canadian manufacturers' sales dropped by 12.3%. Sales year-to-date, however, are still ahead of same period in 2009, with US sales increasing 7.6% and Canadian sales up 10.3%. US and Canadian market confidence ratings were 5.0 and 4.9, respectively.
Original Press Release:
Manufacturers' Sales Drop in the U.S. and Canada According to PTDA's July 2010 Market Outlook Report
Chicago, Ill. - Sales of power transmission/motion control (PT/MC) products by U.S. manufacturers dropped in the first month of the third quarter by 1.3 percent compared to the previous month and Canadian manufacturers' sales dropped by 12.3 percent according to July 2010 sales data released by the Power Transmission Distributors Association (PTDA) in its Market Outlook Report.
Although sales dropped in July, sales year-to-date are still ahead of the same period in 2009. In the U.S., year-to-date sales are up 7.6 percent over the same period in 2009. In Canada, sales are 10.3 percent ahead of 2009.
For the third consecutive month, confidence in the market by U.S. manufacturers holds a neutral position of 5.0, while Canadian manufacturers' confidence dropped from 5.2 back to 4.9 from 5.1 on a scale of 1 (very pessimistic) to 10 (outstanding).
Month-to-month sales for product categories between June 2010 and July 2010 for U.S. and Canadian manufacturers are reported below.
U.S. Manufacturer Percent Change in Product Sales
(June 2010 vs. July 2010)
Product Percent Change
Mechanical Drive Systems and Other PT Products -7.8%
Unmounted Bearings -3.5%
Positioning Systems/Linear Motion Products -0.6%
Gear Products -0.3%
Mounted Bearings 1.7%
Standard Industrial Motors 2.6%
Clutches & Brakes 3.9%
Shaft Couplings 4.8%
Variable Speed Drives 8.4%
Canadian Manufacturer Percent Change in Product Sales
(June 2010 vs. July 2010)
Product Percent Change
Positioning Systems/Linear Motion Products -26.0%
Unmounted Bearings -20.3%
Mounted Bearings -11.7%
Gear Products -9.5%
Shaft Couplings -3.8%
Mechanical Drive Systems and Other PT Products -0.1%
Variable Speed Drives 5.1%
Clutches & Brakes 35.6%
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 (U.S. only), 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 2008 and 2009 is available in a complete report. The monthly data is available by subscription via e-mail or mail. To purchase the year-end 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 185 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 181 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.
