Power transmission industry forecasts growth

The PTDA Business Index for the first quarter of 2013 (1Q13) produced a reading of 61.1, which represents an increase over last quarter’s reading of 50.7. This indicates that the power transmission and motion control industry expanded for the 12th consecutive quarter at a slightly faster pace compared with the fourth quarter of 2012. However, the 1Q13 index is lower when compared against the same quarter in previous years, with the 1Q11 index at 85.5 and the 1Q12 index at 75.4.

The business index 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 PTDA Business Index for 1Q13 is available through the association’s website at www.ptda.org. Conducted jointed by the Power Transmission Distributors Association and Cleveland Research Company, the report tracks changes in business activity, new orders, employment, supplier deliveries, inventories, prices and backlog in the power transmission/motion control industry to arrive at an overall index.

-Bill O’Leary

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