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Sales of power transmission/motion control (PT/MC) products by U.S. and Canadian manufacturers grew in August, after a decline in July. U.S. sales were up 7.6 percent and Canadian manufacturers’ sales were up 2.6 percent according to August 2010 sales data released by the Power Transmission Distributors Association (PTDA) in its Market Outlook Report.
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In the U.S., year-to-date sales are up 10.2 percent over the same period in 2009. In Canada, sales are 12.0 percent ahead of 2009.
After three months at the neutral position of 5.0, confidence in the market by U.S. manufacturers dropped to 4.8 on a scale of 1 (very pessimistic) to 10 (outstanding). Canadian manufacturers’ confidence rose to 5.2, back from a drop to 4.9 in July.
The Market Outlook Report is published monthly by the Power Transmission Distributors Association. Visit www.ptda.org/MOR to get the full report.