Canadian manufacturers experienced an increase in sales while U.S. manufacturers had a drop in sales in June 2009 according to sales data released by the Power Transmission Distributors Association. Confidence in the Canadian market (as measured on a scale of 1 to 10 with 10 being most optimistic) rose slightly by 0.1% from last month to 4.4, while U.S. confidence is holding at a current negative position of 4.8 for the third consecutive month.
U.S. manufacturers’ sales fell by 2.8% in June 2009 when compared to May 2009. Sales in June 2009 fell 32.9% compared to the same period last year. Orders in June 2009 decreased by 5.3% over May 2009 orders.
Canadian manufacturers’ sales increased 7.6% compared to May 2009. Sales were down 25.5% when compared to the same period last year. …
