Power Transmission/Motion Control Product Sales Grow in April
U.S. distributors’overall sales of PT/MC products climbed 6.4% in April 2008 compared to March 2008, according to April 2008 month-end trend data from the Power Transmission Distributors Association. When matched up against sales in the same month last year, sales in April 2008 were up 11.5%. Accounts receivable collection days fell 4.3% since March 2008. The confidence index of U.S. distributors held steady for the fifth month in a row at 5.8 (on a 10-point scale).
Canadian distributors also reported a rise in PT/MC sales, gaining 8.6% in April 2008. Sales over the same period last year were up 6.6%. Accounts receivable collection days dropped 6.9% compared to March 2008. In April 2008, the confidence level of Canadian distributors was held constant for the third month …
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