Power transmission/motion control industry expects 7% growth in 2014
Chicago, IL – The Business Index reading of the Power Transmission Distributors Association (PTDA) for 4Q2013 came in at 60, which is higher than the 52 reading of the 3Q13 index. PTDA found its survey participants were even more positive...
Chicago, IL – The Business Index reading of the Power Transmission Distributors Association (PTDA) for 4Q2013 came in at 60, which is higher than the 52 reading of the 3Q13 index. PTDA found its survey participants were even more positive in their outlook for 2014. When surveyed in mid-2013 about the 2014 outlook, participants anticipated 5% growth. In the 4Q2013 survey conducted in January 2014, survey participants now anticipate 7% growth in 2014.
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 4Q13 PTDA Business Index report is available through PTDA’s website at www.ptda.org/index. It includes distributor and manufacturer breakout data in addition to historical data. Conducted jointly by PTDA and Cleveland Research Company, the PTDA Business Index was modelled 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.
PTDA is a global association for the industrial power transmission/motion control (PT/MC) distribution channel. Headquartered in Chicago, it represents 168 power transmission/motion control distribution firms that generate more than $16 billion in sales and span over 3,400 locations in nine nations. PTDA members also include over 200 manufacturers that supply the PT/MC industry.
For more information, visit www.ptda.org.