Positive outlook for 2011 seen in latest PTDA Business Index

Chicago, IL — According to the third quarter results of the Quarterly Business Index released by the Power Transmission Distributors Association (PTDA), PTDA members are projecting 10% growth on top of the 14% average growth expectation for 2010.

In the third quarter, respondents experienced expansion, albeit at a slightly reduced rate than the second quarter. The overall reading for the third quarter was 74.6, compared to 77.0 in the second quarter. A reading above 50 indicates expansion.

A comparative review of distributor and manufacturer results show that manufacturing expanded at a faster pace than distribution, with a reading of 76.6 for manufacturers vs. 71.2 for distributors.

A US-based trade association, PTDA represents 185 power transmission/ motion control distribution firms that generate more than $10 billion in sales and span 3,500 locations in North America and 11 other countries. PTDA members also include 181 manufacturers that supply the PT/MC industry.