North American sales strongest in OEM Supply end market, Anixter reports.
Day: October 27, 2009
Textron's industrial segment sales down $203 million.
Core sales for the diversifed manufacturer declined 15% in the quarter.
Sales in the industrial market fell 30.5% for the manfucturer of advanced composites.
Same-store sales fell 15%, with declines across all sales segments for the HVAC/R distributor.
Forecast from MAPI/Manufacturers Alliance expects emerging markets to continue to grow at a faster pace than advanced economies.
Input costs and prices continue to go up; job losses are moderating; and capital spending is positive for the first time this year.