6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Parker Hannifin Corporation,Cleveland, OH, reported orders for the month of November in the company's North American Industrial businesses increased 11 percent over the same month last year, while Rest-of-World Industrial orders increased 5 percent. In the Climate and Industrial Controls business (CIC) order rates were 18 percent lower, and orders at Parker Aerospace were 24 percent higher compared with last year.
In the North American Industrial segment, the company noted order strength across all major markets, particularly heavy-duty truck, construction, agriculture, and general industrial. Distribution continues to be strong. In the Rest-of-World Industrial units, all regions reported year-over-year increases. The decrease in CIC order rates is primarily a result of tougher comparisons with an exceptionally strong period a year ago and light activity in automotive, while industrial refrigeration remains strong.
Aerospace orders continue to gain solid momentum in both the commercial and defense markets.