PTDA Business Index shows slower growth
The PTDA Business Index for the third quarter indicates continued slowing compared to the previous quarter with a reading of 37.7, down from 46.6 in 2Q2015.
The PTDA Business Index reading fell behind the October 2015 PMI Index of 50.1 for the second time this year.
“There are a number of occurrences happening in the marketplace that have been creating slower growth and headwinds. The oil and gas market decline reached much deeper and wider than anticipated. No rebound is expected anytime soon,” said Randy Breaux, senior vice president for Motion Industries Inc. and chair of PTDA’s Research & Innovation Committee. “The steel industry also continues to struggle and the strength of the U.S. dollar makes it difficult for companies that manufacture products for export. We are seeing layoffs and closures in a number of plants across the country.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
