PTDA members predict 11% growth for 2012
Chicago, IL -- The Power Transmission Distributors Associations’ PTDA Business Index indicates that the first quarter of 2012 was the eighth consecutive quarter for business growth among PTDA members, with a reading of 75.4. Compared with...
Chicago, IL — The Power Transmission Distributors Associations’ PTDA Business Index indicates that the first quarter of 2012 was the eighth consecutive quarter for business growth among PTDA members, with a reading of 75.4. Compared with a reading of 67.3 for the fourth quarter of 2011, the first-quarter results indicate the power transmission/motion control industry is expanding at a faster pace than before. Both distributors and manufacturers saw strong growth in the first quarter of 2012.
[Note: 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 table below provides an overview of the results from the 1Q2012 index and a comparison with 4Q2011.
PTDA members participating in the Business Index expect 2012 to be another year of growth with an average forecast of 11% growth, up from 9% in the fourth quarter 2011 survey.
The PTDA Business Index full report is available through PTDA’s website at www.ptda.org/BusinessIndex. It includes US and Canadian breakout data in addition to historical data. Conducted jointly by PTDA and Cleveland Research Company, the 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.