PTDA Index showed first quarter growth
The PTDA Business Index for the first quarter of 2016 indicates significant growth with a reading of 50.8, compared to a reading of 35.7 in the fourth quarter of 2015.
This is the first reading above 50 since 1Q2015. The PTDA Business Index reading is nearly identical with the April 2016 PMI Index of 50.9.
While both distributors and manufacturers reported growth, manufacturer growth for 1Q2016 remains below 50 at 46.6. Business activity indicated an increase nearly double that of the previous quarter. Led dominantly by the distributor market, business activity in 1Q2016 increased to 48.3 from 24.6 in the previous quarter.
The entire 1Q2016 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.