PT/MC Industry Report shows slight growth at end of 2013.
Press Release Summary:
February 20, 2014 - PTDA Business Index reading of 60 for 4Q2013 is higher than 52 reading of 3Q13 index. While those surveyed in mid-2013 about 2014 outlook anticipated 5% growth, those surveyed in January 2014 anticipate 7% growth. Conducted by PTDA and Cleveland Research Company, report includes distributor and manufacturer breakout data in addition to historical data. It tracks change in business activity, new orders, employment, supplier deliveries, inventories, prices, and backlog in PT/MC industry.
Original Press Release
Power Transmission/Motion Control Industry Ends 2013 with Slight Growth
Press release date: February 12, 2014
Chicago, Ill.—The PTDA Business Index reading for 4Q2013 came in at 60, which is higher than the 52 reading of the 3Q13 index. The survey participants were even more positive in their outlook for 2014. When surveyed in mid-2013 about the 2014 outlook, participants anticipated 5 percent growth. In the 4Q2013 survey conducted in January 2014, survey participants now anticipate 7 percent growth in 2014.
[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.
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 modeled 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.
The Power Transmission Distributors Association (PTDA) is the leading global association for the industrial power transmission/motion control (PT/MC) distribution channel. Headquartered in Chicago, PTDA 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.
PTDA is dedicated to providing exceptional networking, targeted education, relevant information and leading-edge business tools to help distributors and manufacturers meet marketplace demands competitively and profitably. For more information, call +1.312.516.2100, visit www.ptda.org or follow us at @PTDAorg.