Chicago, IL – The PTDA Business Index indicated the fourth quarter of 2011 (4Q2011) was the seventh consecutive quarter for business growth among PTDA members, with a reading of 67.3.
Both distributors and manufacturers saw growth in 4Q2011. Distributors outpaced manufacturers for the first quarter in the survey’s history.
Compared with a reading of 68.1 for 3Q2011, the recently released fourth-quarter results indicate the power transmission/motion control industry is expanding at a slightly slower pace than before.
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.
PTDA members participating in the Business Index expect 2012 to be another year of growth with an average forecast of 9%, up from 8% in the 3Q2011 survey.
The PTDA Business Index full report is available through PTDA’s website at www.ptda.org/Index. It includes US and Canadian breakout data in addition to historical data. Conducted jointly by PTDA and Cleveland Research Company, the PTDA Quarterly Business Index was modeled after the Purchasing Managers Index and tracks change in business activity, new orders, employment, supplier deliveries, inventories, prices and backlog in the PT/MC market to arrive at an overall index.
PTDA is a US-based trade association representing 178 power transmission/motion control distribution firms. Its members also include 180 manufacturers that supply the PT/MC industry.
For more information, call 312-516-2100 or visit www.ptda.org.