PTDA Business Index shows continued slower growth.
Press Release Summary:
PTDA Business Index for 4Q2015 indicates continued slowing of power transmission/motion control industry with a reading of 35.7, slightly down from 37.7 in 3Q2015. Reading fell behind January 2016 PMI® Index of 48.2 for second quarter in a row. Both distributor and manufacturer reporting showed flat or decreased growth for 4Q2015 versus 3Q2015. This continues to be a reflection of current economic conditions, including low crude oil prices and strong U.S. dollar overseas impacting exports.
Original Press Release:
PTDA Business Index Shows Continued Slower Growth for Power Transmission/Motion Control (PT/MC) Industry in 4Q2015
Chicago, Ill.—The PTDA Business Index for 4Q2015 indicates continued slowing with a reading of 35.7, slightly down from 37.7 in 3Q2015. The PTDA Business Index reading fell behind the January 2016 PMI® Index of 48.2 for a second quarter in a row.Â
Both distributor and manufacturer reporting showed flat or decreased growth for 4Q2015 versus 3Q2015. This continues to be a reflection of current economic conditions, including low crude oil prices, strong U.S. dollar overseas impacting exports and a global growth slowdown.
[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 4Q2015 PTDA Business Index report is available through PTDA’s website at ptda.org/Index. It includes distributor and manufacturer breakout data in addition to historical data. The PTDA Business Index is modeled after the widely respected Purchasing Managers Index (PMI®) 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 power transmission/motion control distribution firms that generate more than $16 billion in sales and span over 3,400 locations. PTDA members also include 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 ptda.org or follow on Twitter at @PTDAorg or on LinkedIn.
