PTDA Business Index decreases in third quarter

The Power Transmission Distributors Association’s Business Index for the third quarter of 2013 (3Q13 PTDA Business Index) produced a reading of 51.6 which represents a decrease over last quarter’s reading of 54.7 and the third consecutive quarter of growth. According to PTDA, survey participants anticipate limited upside for the power transmission/motion control channel in 2014, possibly driven by decreasing pricing power.

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 report is available here. It includes U.S. 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 Purchasing Managers Index and tracks change 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.

The Power Transmission Distributors Association is a Chicago based trade association that represents 172 power transmission/motion control distribution firms.

-Bill O’Leary

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