The Power Transmission Distributors Association (PTDA) today released the March 2008 month-end trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products. All categories posted a decline in sales for the first time in 2008.
U.S. distributors’sales of PT/MC products dropped 7.6% in March 2008 compared to February 2008. When matched up against sales in the same month last year, sales in March 2008 gained 1.1%. Accounts receivable collection days experienced its first increase in 2008, up 7.7% from February 2008. The confidence index of U.S. distributors remained flat for the fourth month in a row at 5.8 (on a 10-point scale).
Canadian distributors also reported a drop in PT/MC sales, falling 7.9% in March 2008. Sales …
PT/MC Sales Drop 7.6% in March
The Power Transmission Distributors Association (PTDA) today released the March 2008 month-end trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products. All categories posted a decline in sales for the first time in 2008.
U.S. distributors’sales of PT/MC products dropped 7.6% in March 2008 compared to February 2008. When matched up against sales in the same month last year, sales in March 2008 gained 1.1%. Accounts receivable collection days experienced its first increase in 2008, up 7.7% from February 2008. The confidence index of U.S. distributors remained flat for the fourth month in a row at 5.8 (on a 10-point scale).
Canadian distributors also reported a drop in PT/MC sales, falling 7.9% in March 2008. Sales …
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