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Canadian manufacturers experienced an increase in sales while U.S. manufacturers had a drop in sales in June 2009 according to sales data released by the Power Transmission Distributors Association. Confidence in the Canadian market (as measured on a scale of 1 to 10 with 10 being most optimistic) rose slightly by 0.1% from last month to 4.4, while U.S. confidence is holding at a current negative position of 4.8 for the third consecutive month.
U.S. manufacturers' sales fell by 2.8% in June 2009 when compared to May 2009. Sales in June 2009 fell 32.9% compared to the same period last year. Orders in June 2009 decreased by 5.3% over May 2009 orders.
Canadian manufacturers' sales increased 7.6% compared to May 2009. Sales were down 25.5% when compared to the same period last year.
Product-by-product sales between May 2009 and June 2009 reflect the change in sales experienced by U.S. and Canadian manufacturers. Three of nine product categories for U.S. manufacturers- gear products, standard industrial motors, and mechanical drive systems and other PT products- posted sales gains. For Canadian manufacturers, five product categories posted sales gains- mounted bearings, gear products, standard industrial motors, variable speed drives, and mechanical drive systems and other PT.
The Market Outlook Report is published monthly. Year-end data for 2007 and 2008 is available in a complete report. The monthly data is available by subscription via e-mail or mail. Order online at www.ptda.org/store. PTDA members may download the report at no charge through the PTDA Web site.