PTDA Business Index reveals positive outlook for 2011.
Press Release Summary:
According to third quarter Quarterly Business Index, PTDA members are projecting 10% growth on top of 14% average growth expectation for 2010. Third quarter respondents experienced expansion, although at reduced rated compared to second quarter. Overall reading for third quarter was 74.6, compared to 77.0 in second quarter. Comparative review of distributor and manufacturer results show manufacturing expanded faster than distribution, with respective readings of 76.6 and 71.2.
Original Press Release:
PTDA Business Index Reveals a Positive Outlook for 2011
Chicago, Ill.-According to the third quarter results of the Quarterly Business Index released by the Power Transmission Distributors Association (PTDA), PTDA members are projecting 10 percent growth on top of the 14 percent 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.
The table below provides an overview of the results and a breakout reading of the PTDA Business Index by distributor and manufacturer.
PTDA Quarterly Business Index - 3Q2010
All Respondents Distributors Manufacturers
Business Activity 82.2 85.2 80.4
New Orders 80.4 86.4 76.8
Employment 61.8 49.4 69.2
Supplier Deliveries 73.8 64.0 79.8
Inventories 55.0 55.4 54.7
Prices 81.3 83.5 79.9
Backlog 67.0 63.2 69.2
Overall PTDA Index 74.6 71.2 76.6
The PTDA Business Index is available at no charge through the PTDA website at www.ptda.org/Index. The full report includes U.S. and Canadian breakout data. Conducted jointly by PTDA and Cleveland Research Company, the PTDA Quarterly 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 market to arrive at an overall index.
Founded in 1960, the Power Transmission Distributors Association (PTDA) is the leading association for the industrial power transmission/motion control (PT/MC) distribution channel. A U.S.-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.
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, visit www.ptda.org.
Contact:
Brigitte Lyons
Power Transmission Distributors Association (PTDA)
blyons@ptda.org
+1.312.516.2100
