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Year-to-date sales in the first half of the year are up in both the U.S. and Canada. In the U.S., year-to-date sales rose 4.9 percent compared to the same period in 2009, while Canadian sales rose 9.7 percent.
For the second consecutive month, confidence in the market by U.S. manufacturers holds a neutral position of 5.0, while Canadian manufacturers’ confidence rose from 4.9 to 5.2 on a scale of 1 (very pessimistic) to 10 (outstanding).
In the U.S., all tracked categories showed month-to-month gains, with the exception of standard industrial motors. Canadian manufacturers’ product sales also rose in all but one category: clutches & brakes.
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.