Chicago, IL – The PTDA Business Index for the second quarter of the year (2Q2014) indicates strong growth in both business activity and new orders. From 1Q2014 to 2Q2014, business activity increased 12.7% (from 67.7 to 76.3) and new orders improved 14.5% (from 67.7 to 77.5).
This quarterly survey of distributor and manufacturer members of the Power Transmission Distributors Association continues to point to growth, with the 2Q2014 Business Index at 68.7, up from the 1Q2014 reading of 63.6. However, when asked about their outlook for the entire year, survey participants’ expectations remained the same from the previous quarter at 6% growth.
The index reading indicates the rate of change compared with the previous period. For example, a reading of 50 indicates no change from the prior period while readings above 50 indicate growth and below 50 indicate contraction. The further the index is above or below 50 suggests a faster or slower rate of change.
The entire 2Q2014 PTDA Business Index report is available for purchase through PTDA’s website at ptda.org/index. It includes distributor and manufacturer breakout data in addition to historical data. The PTDA Business Index is modelled after the Purchasing Managers Index and tracks changes in business activity, new orders, employment, supplier deliveries, inventories, prices and backlog in the PT/MC industry to arrive at an overall index.
For more information, call 312-516-2100 or visit ptda.org.