U.S. and Canadian manufacturers’ sales dropped in April, after increases in February and March , according to sales data released by the Power Transmission Distributors Association (PTDA) in its monthly Market Outlook Report.
PT sales in the U.S. dropped by 0.7 percent, while Canadian sales dropped 10.4 percent. For U.S. manufacturers, sales for April 2010 are up 12.7 percent compared to sales at this time last year. Canadian manufacturers’ year-to-year sales rose 15.2 percent for the same period.
Breaking a three-month neutral position of 5.0, U.S. manufacturers’ confidence gained a tenth of a point, rising to 5.1 on a scale of 1 (very pessimistic) to 10 (outstanding). Canadian manufacturers also rose from a negative position of 4.8 to a positive outlook of 5.1.