Canadian bearings sales increased in March.
CHICAGO: Manufacturing continued to pick up the pace in March. Canadian and US manufacturers of power transmission and motion control (PT/MC) products saw sales increase for the third consecutive month, according to an industry report.
The monthly Market Outlook Report from the Power Transmission Distributors Association (PTDA) shows sales for Canadian manufacturers rose 18.5% from February. Year-to-year sales rose by 7.7% for the same period. But their confidence is a little shaky, registering a 4.8 on a 10-point scale. Percentage changes for products are as follows:
• Positioning systems/linear motion products -32.1%
• Clutches and brakes -14.7%
• Mounted bearings 7.9%
• Mechanical drive systems, other power transmission products 8.8%
• Unmounted bearings 13.1%
• Gear products 39.6%
• Shaft couplings 89.5%
• Variable speed drives 103.3%
US manufacturers posted an increase of 5.6% in March but comparisons between the first quarter of 2010 and 2009 still reflect declines. Year-to-date sales are down 3.4% compared to sales at this time last year. And for the the third month, their confidence maintained a neutral position at 5.0.
The PTDA represents 198 power transmission/motion control distribution firms that generate more than $10 billion in sales and span 3,500 locations in North America and 11 other countries. PTDA members also include 187 manufacturers that supply the PT/MC industry.