U.S. distributors’overall sales of Power Transmission/Motion Control products declined 7.2% in May 2008 compared to April 2008, according to the latest month-end trend data from the Power Transmission Distributors Association. When matched up against sales in the same month last year, sales in May 2008 were up 1%.
Accounts receivable collection days rose 7.8% since April 2008. The confidence index of U.S. distributors dropped to 5.6 in May 2008 from 5.8 in April 2008 (on a 10-point scale) the first decline since February 2007.
Canadian distributors also reported a decrease in PT/MC sales, dropping 5.4% in May 2008. Sales over the same period last year were down 6.8%. Accounts receivable collection days rose 2.5% compared to April 2008. In May 2008, the …
PT/MC Sales by Distributors Fall 7.2% in May
U.S. distributors’overall sales of Power Transmission/Motion Control products declined 7.2% in May 2008 compared to April 2008, according to the latest month-end trend data from the Power Transmission Distributors Association. When matched up against sales in the same month last year, sales in May 2008 were up 1%.
Accounts receivable collection days rose 7.8% since April 2008. The confidence index of U.S. distributors dropped to 5.6 in May 2008 from 5.8 in April 2008 (on a 10-point scale) the first decline since February 2007.
Canadian distributors also reported a decrease in PT/MC sales, dropping 5.4% in May 2008. Sales over the same period last year were down 6.8%. Accounts receivable collection days rose 2.5% compared to April 2008. In May 2008, the …
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