U.S. PT/MC Sales Grow 11.6% in February
While other industries may be experiencing slowdowns leading to recessionary forecasts, sales trends for distributors and manufacturers in the power transmission/motion control industry are still strong, reporting month-to-month sales gains in both U.S. and Canadian markets, according to the February Power Transmission Distributors Association month-end trend data report.
Continuing the upward trend of last month, U.S. distributors’sales of PT/MC products were up
11.6 percent in February 2008 compared to January 2008. When matched up against sales in the same month last year, sales in February 2008 gained 6.7 percent. Accounts receivable collection days were down 5.4 percent from January 2008. The confidence index of U.S. distributors remained flat for the third …
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