PTDA members see growth
The PTDA Business Index indicated that the first quarter was the eighth consecutive quarter for business growth among PTDA members, with a reading of 75.4.
Compared with a reading of 67.3 for the fourth quarter of 2011, the recently released first-quarter results indicate the power transmission/motion control industry is expanding at a faster pace than before. Both distributors and manufacturers saw strong growth in 1Q12.
The table below provides an overview of the results from the 1Q2012 index and a comparison with 4Q2011.
|
PTDA Quarterly Business Index |
||
|
|
4Q2011 |
1Q2012 |
|
Business Activity |
68.6 |
83.7 |
|
New Orders |
72.8 |
80.8 |
|
Employment |
65.9 |
74.4 |
|
Supplier Deliveries |
61.9 |
62.5 |
|
Inventories |
64.7 |
69.8 |
|
Prices |
83.7 |
87.2 |
|
Backlog |
55.8 |
66.3 |
|
Overall PTDA Index |
67.3 |
75.4 |
PTDA members participating in the Business Index expect 2012 to be another year of growth with an average forecast of 11 percent, up from 9 percent in the 4Q11 survey.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
