Release time : 2015-06-13 10:10:49
U.S. distributors' overall sales of PT/MC products were unchanged in October 2008 compared to September 2008. When matched up against sales in the same month last year, sales in October 2008 were up by 7.4 percent. Accounts receivable collection days rose 2.3 percent since September 2008. The confidence index of U.S. distributors for October was also unchanged, remaining at 5.2 (on a 10-point scale).
Following double digit sales growth in September 2008, Canadian distributors reported a 4.2 percent drop in sales in October 2008. Sales over the same period last year were up 2.5 percent. Accounts receivable collection days fell 5.1 percent compared to September 2008. For the third consecutive month, the confidence level of Canadian distributors remained steady at 5.3 (on a 10-point scale).
U.S. manufacturers' sales rose 3.0 percent in October 2008 when compared to September 2008. Sales in October 2008 increased 6.2 percent compared to the same period last year. Orders in October 2008 were up 7.8 percent over September 2008. The confidence level of U.S. manufacturers fell 0.2 to 4.9 (on a 10-point scale), which is the lowest level since May 2002.
Canadian manufacturers' sales reversed September 2008 positive gains by posting a 4.9 drop in October 2008. Sales were down 5.6 percent when compared to the same period last year. The confidence level of Canadian manufacturers decreased 0.3 to 4.4 (on a 10-point scale) from September to October 2008, the lowest level in this decade.
Product-by-product sales between September 2008 and October 2008 reflect the change in sales experienced by U.S. and Canadian manufacturers. Three product categories for U.S. manufacturers-unmounted bearings, positioning systems/linear motion products and standard industrial motors-posted increases in sales. For Canadian manufacturers, three product categories posted an increase in sales-positioning systems/linear motion products, variable speed drives and standard industrial motors.
U.S. Manufacturer Percent Change in Product Sales (September 2008 vs. October 2008)