March PT/MC Sales Take a Hit
Canadian/U.S. motion control sales plunge in March, decreasing 20+% year on year.Comments Off on March PT/MC Sales Take a Hit
Both U.S. and Canadian manufacturers experienced a drop in sales in March 2009 according to sales data released by the Power Transmission Distributors Association (PTDA). Confidence in the market (as measured on a scale of 1 to 10 with 10 being most optimistic) has also eroded, holding a current negative position between 4.6 and 4.9.
Following a negligible increase in sales in February 2009, U.S. manufacturers’ sales dropped by 4.2 percent in March 2009. Compared to the same period last year, sales in March 2009 were down 24.9 percent, while orders continue to drop with a 7.8 percent decrease over February 2009 sales.
Canadian manufacturers’ sales were down 7.9 percent compared to February 2009 and down 29.0 percent compared to the same period last year.
Sales between February 2009 and March 2009 in specific product categories reflect the change in sales experienced by U.S. and Canadian manufacturers.
U.S. Manufacturer Percent Change in Product Sales
(February 2009 vs. March 2009)
|Variable Speed Drives||-25.8%|
|Standard Industrial Motors||-12.5%|
|Clutches & Brakes||-1.8%|
|Mechanical Drive Systems and Other PT Products||-0.3%|
|Positioning Systems/Linear Motion Products||8.9%|