The 2020 Mid-Year Economic Update_long

Power Transmission Product Sales Up 9 Percent

In February, U.S. distributors’
year-to-date sales of power transmission/motion control (PT/MC) products
products rose 11.1 percent as compared to sales for January through February
2005, according to February trend data by the Power Transmission Distributors
Association for distributors and manufacturers of. Sales increased 8.9 percent
over the previous month and were up 10.1 percent as compared to February 2005.


For February, the confidence level
of U.S. distributors rose to 7.0 from 6.8 in January on a 10-point
scale.


Canadian distributors’ year-to-date
sales of PT/MC products grew 11.7 percent as compared to sales for January
through February 2005. Sales were up 9.4 percent over the previous month and
increased 9.3 percent as compared to February 2005.


For February, the confidence level
of Canadian distributors fell to 6.8 from 7.0 in January on a 10-point scale.


In February, U.S. manufacturers’
year-to-date sales of PT/MC products grew 10.7 percent as compared to sales for
January through February 2005. Sales were up 7.5 percent over the previous month
and increased 5.6 percent as compared to February 2005.  As compared to
January, sales of mounted bearings, unmounted bearings, standard industrial
motors, positioning system/linear motion products, gear products, mechanical
drive systems and other PT products, clutches and brakes, and shaft couplings
increased.  Sales of variable speed drives decreased.


Year-to-date orders of PT/MC
products from U.S. manufacturers grew 11.8 percent as compared to 2005. 
February orders increased 9.4 percent over January and were up 11.0 percent as
compared to February 2005. Annualized sales to inventory ratio in February was
9.8, compared to 10.8 in 2005.


For February, the confidence level
of U.S. manufacturers remained flat at 5.6 on a 10-point scale.



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