July 16, 2009

Report: Manufacturing Indexes Show Improvement in June

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

The road to recovery in the manufacturing sector will likely be slow, arduous, and painstaking, but there is some evidence that the worst has passed, according to the quarterly Manufacturers Alliance/MAPI Survey on the Business Outlook- June 2009. The June 2009 composite index rose to 24 from an historic low of 21 reported in the March 2009 report.

At 24%, the index indicates that overall manufacturing activity is expected to contract over the next three to six months. While the index is at its second lowest level since the survey originated in March 1972, it marks the first time it has shown improvement since June 2007. The survey was conducted on a semi-annual basis from 1972 to 1991 before being conducted on a quarterly basis in 1991. It should be noted, however, that the …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Report: Manufacturing Indexes Show Improvement in June Read More »

Alfa Laval Sales Fall 15.1% in Second Quarter

Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Sweden-based Alfa Laval, a manufacturer in heat transfer, centrifugal separation and fluid handling, reported second quarter sales were SEK 6.7 billion (US$857.6 million), a decrease of 15.1% from the prior year. Profit was SEK 637 million (US$81.5 million).

For the first six months, sales declined 10.3% to SEK 13.7 billion (US$1.75 billion). Profit was SEK 1.4 billion (US$179.2 million).

Order intake declined by 9% compared to the first quarter 2009, due to a lower activity level in the economy, difficulties for our customers to get financing and postponed investment …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Alfa Laval Sales Fall 15.1% in Second Quarter Read More »

Motion Industries Sales Fall 22% in Second Quarter

Companies, Free, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

Atlanta, GA-based Genuine Parts Company reported sales for the second quarter ended June 30, 2009, were $2.5 billion, down 12% from the second quarter 2008. Profit for the quarter was $103.6 million, a decrease of 22%.

For the six months ended June 30, 2009, sales were $5 billion, down 11% from the same period in 2008. Profit was $192.8 million, a decrease of 25%.

By group:

The Automotive Group reported a 5% decrease in sales. SP Richards, the office products group, was down 6%.

Industrial (Motion Industries) and Electrical groups showed further sales declines due to what GPC said was the worsening conditions in the manufacturing segment of the economy." Motion had a 22% sales decline, and EIS, the electrical products group, had a 34% …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Motion Industries Sales Fall 22% in Second Quarter Read More »

Wholesale Revenues Edge Up in May

Economic Trends, Finance, Free, News, Research & Analytics, Subscriber Only / MDM Staff

May 2009 wholesale revenues were $311.3 billion, up 0.2% from the revised April level, but down 19.9% from the May 2008 level. The April preliminary estimate was revised upward $1.4 billion or 0.4%.

May sales of durable goods were down 0.2% from last month and were down 23.0% from a year ago. Sales of metals and minerals, except petroleum were down 8.1% for last month, while motor vehicle and motor vehicle parts and supplies were up 4.4%. Sales of nondurable goods were up 0.5% from last month, but were down 17.2% from last year.

Sales of petroleum and petroleum products were up 4.6% from last month and sales of drugs and druggists’ sundries were up 1.4%.

Total inventories were $402.2 billion at the end of May, down 0.8% from the revised April level and were down 7.6% from a …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Wholesale Revenues Edge Up in May Read More »

July 16, 2009

Report: Manufacturing Indexes Show Improvement in June

Alfa Laval Sales Fall 15.1% in Second Quarter

Motion Industries Sales Fall 22% in Second Quarter

Wholesale Revenues Edge Up in May

Register for full access

Learn More about Custom Reports

Request a Market Prospector Demo

Get the MDM Update Newsletter