PTDA Releases Market Outlook Report Data for February 2006
Chicago, Ill. -- April 5, 2006 -- The
Power Transmission Distributors Association (PTDA) today released the
February trend data for distributors and manufacturers of power
transmission/motion control (PT/MC) products.
In February, U.S. distributors’
year-to-date sales of PT/MC products rose 11.1 percent as compared to
sales for January through February 2005. Sales increased 8.9
percent over the previous month and were up 10.1 percent as compared to
February 2005.
Days sales in accounts receivables
decreased 4.3 percent as compared over January 2006 and were down 2.5
percent as compared to the same month last year. Annualized sales
to inventory ratio in February was 9.0, compared to 9.4 in
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.
Days sales in accounts receivables
decreased 3.8 percent over January 2006 and were down 0.3 percent as
compared to the same month last year. Annualized sales to
inventory ratio in February was 8.3, compared to 8.0 in 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.
Canadian manufacturers’
year-to-date sales of PT/MC products increased 4.9 percent/ as compared
to sales for January through February in 2005. Sales grew 11.3
percent over the previous and were up 5.2 percent as compared to
February 2005. As compared to January, sales of unmounted
bearings, variable speed drives, positioning systems/linear motion
products, gear products, and clutches and brakes increased. Sales
of mounted bearings, standard industrial motors, mechanical drive
systems and other PT products, and shaft couplings decreased.
Annualized inventory turnover in
February was 8.1, compared to 7.1 in 2005.
For February, the confidence level of
Canadian manufacturers fell to 5.2 from 5.3 in January on a 10-point
scale.
The Adobe Acrobat attachment contains
selected data charts from the January 2006 Market Outlook
Report.
The Market Outlook Report is published
monthly by the Power Transmission Distributors Association. The
full report includes month-to-month and year-to-year changes in sales,
inventory and accounts receivables data for U.S. and Canadian
distributors, as well as a general confidence index. U.S. and
Canadian manufacturer data includes a confidence index, as well as sales
and order trends for mounted bearings, unmounted bearings, standard
industrial motors, variable speed drives, positioning systems/linear
motion products, gear products, mechanical drive systems and other PT
products, clutches and breaks, and shaft couplings.
The report is available by annual
subscription via e-mail or mail by contacting +1.312.516.2100 or may be
ordered online at www.ptda.org/store; PTDA members
may download the report at no charge through the PTDA web site, at www.ptda.org/MOR.
Founded in 1960, the Power
Transmission Distributors Association (PTDA) is the leading association
for the industrial power transmission/motion control (PT/MC)
distribution channel. A U.S.-based trade association, PTDA
represents 222 power transmission/motion control distributor firms with
almost 3,500 locations throughout North America and 13 other countries,
as well as 194 manufacturers that supply the PT/MC
industry.
PTDA is dedicated to providing
exceptional networking, targeted education, relevant information and
leading-edge business tools to help distributors and manufacturers meet
marketplace demands competitively and profitably. For more
information, visit www.ptda.org.
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