Continued growth expected in 2015 by power transmission/motion control industry
Chicago, IL – The Power Transmission Distributors Association’s PTDA Business Index for the fourth quarter of 2014 (4Q2014) indicates slowing but continued positive growth.
However, manufacturers reported more positive growth in new orders, employment, supplier deliveries and inventories for 4Q2014 than distributors, a notable change from 2Q2014 and 3Q2014.
Despite this upward swing, the overall 4Q2014 PTDA Business Index reading of 66.5 was slightly lower than the previous quarter’s reading of 67.5. Both distributors and manufacturers anticipate 2015 to be another year of positive growth.
The entire 4Q2014 PTDA Business Index report is available 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 change in business activity, new orders, employment, supplier deliveries, inventories, prices and backlog in the PT/MC industry to arrive at an overall index.
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.
Bill RoebuckBill Roebuck is the Editor and Associate Publisher of Machinery & Equipment MRO magazine and mromagazine.com.
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