U.S. and Canadian manufacturers post increases in September, according to the PTDA Market Outlook Report.
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But American Hardware Manufacturers Association members indicate optimistic future expectations.
Third quarter profit fell 60.4% for the manufacturer of motion control products.
Stanley shareholders will own 50.5% of the combined company; Stanley will pay $4.5 billion in the deal.
Distributor of MRO products reports continued weakness across end markets.
Machinery leads the increase in new orders for September.
North American sales strongest in OEM Supply end market, Anixter reports.
Three-month moving average moves above -0.7, signaling the end of the recession could be near.
MRO, construction materials distributor forecasting a slow recovery for 2010.
MSC’s fourth-quarter sales declined 21.1%; distributor maintains profitability.
Profit for the industrial distributor fell 50.4% from first quarter fiscal year 2009.
Profit for the electrical manufacturer was down 26% from the prior year.
Overall NAHB Housing Market Index sees a decline, with just the Northeast recording improvement in the past month.
Genuine Parts Co., Motion’s parent company, sees sales decrease of 10%.
Harvard report: Annual remodeling spending levels should start to rise at start of next year.
For the first nine months, Grainger’s sales fall 13%; profit is down 9%.
For first time since February, Canadian manufacturing see gains in employment.
Year-to-date, the industrial and construction supplies distributor’s sales were down 19%.
Supplier will sell the business to Onyx Specialty Papers, a new company.
