Growth is slowing in the power transmission and motion control industry
Chicago, IL - The Power Transmission Distributors Association 2Q13 PTDA Business Index for the second quarter of 2013 (2Q13) produced a reading of 54.7, which represents a decrease over the last quarter’s reading of 61.1. This indicates...
Chicago, IL – The Power Transmission Distributors Association 2Q13 PTDA Business Index for the second quarter of 2013 (2Q13) produced a reading of 54.7, which represents a decrease over the last quarter’s reading of 61.1. This indicates that the power transmission/motion control (PT/MC) industry expanded for the 13th consecutive quarter at a slower pace compared with 1Q13. When comparing this reading to 2Q12, this is a slight increase to the reading of 54.2.
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 2Q13 PTDA Business Index 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 Business Index was modeled after the widely respected Purchasing Managers Index and tracks change in business activity, new orders, employment, supplier deliveries, inventories, prices and backlog in the PT/MC industry to arrive at an overall index.
The Power Transmission Distributors Association (PTDA) is the leading global association for the industrial power transmission/motion control (PT/MC) distribution channel. Headquartered in Chicago, PTDA represents 172 power transmission/motion control distribution firms that generate more than $16 billion in sales and span over 3,400 locations in 10 nations. PTDA members also include over 200 manufacturers and associated companies that supply the PT/MC industry.
For more information, visit http://www.ptda.org.