U.S. distributors’overall sales of PT/MC products rose 7.9 percent in September 2008 compared to August 2008, according to the latest month-end trend report from the Power Transmission Distributors Association. When matched up against sales in the same month last year, sales in September 2008 were also up by 13.0 percent.
Accounts receivable collection days dropped 3.7 percent since August 2008. The confidence index of U.S. distributors for September dropped 0.4 to 5.2 (on a 10-point scale).
Canadian distributors reported a 19.1 percent jump in sales in September 2008 compared to August 2008. Sales over the same period last year were up 11.2 percent. Accounts receivable collection days fell 7.1 percent compared to August 2008. In …
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