Canadian power transmission sales surge in June
CHICAGO: Canadian and US manufacturers of power transmission and motion control (PT/MC) products had a very different June. US sales dropped 2.8% according to a market outlook report by the Chicago-based Power Transmission Distributors Association (PTDA), while Canadian companies saw their sales increase 7.6% from May.
That was good for a tiny confidence boost in the Canadian market. On a scale of one to 10, optimism got a 0.1% lift to 4.4, which is behind the US. American confidence held for the third consecutive month at 4.8 per cent.
US manufacturers’ sales fell 32.9% compared to the same period last year while Canadian sales were down 25.5% year-over-year.
Orders were down 5.3% from May.
Product-by-product sales reflect the change in sales experienced by US and Canadian companies. In the US, manufacturers saw three of nine product categories post gains: gear products; standard industrial motors; and mechanical drive systems and other PT products.
Canadian manufacturers saw gains in five product categories: mounted bearings; gear products; standard industrial motors; variable speed drives; and mechanical drive systems and other PT.
Percent change in product sales
(Canada May to June)
• Shaft couplings (-30.9%)
• Clutches and brakes (-24.2%)
• Positioning systems/linear motion products (-2.2%)
• Unmounted bearings (-0.4%)
• Standard industrial motors 1.3%
• Mounted bearings 2.2%
• Mechanical drive systems and other pt products 2.7%
• Gear products 40.6%
• Variable speed drives 87.7%