PTDA members see continued growth
The PTDA Business Index indicated the fourth quarter of 2011 was the seventh consecutive quarter for business growth among PTDA members, with a reading of 67.3.
Compared with a reading of 68.1 for the third quarter, the recently released fourth-quarter results indicate the power transmission/motion control industry is expanding at a slightly slower pace than before.
Both distributors and manufacturers saw growth in the fourth quarter. Distributors outpaced manufacturers for the first quarter in the survey’s history.
The table below provides an overview of the results from the 4Q2011 index and a comparison with 3Q2011.
|
PTDA Quarterly Business Index |
||
|
|
3Q2011 |
4Q2011 |
|
Business Activity |
72.3 |
68.6 |
|
New Orders |
72.6 |
72.8 |
|
Employment |
66.7 |
65.9 |
|
Supplier Deliveries |
60.9 |
61.9 |
|
Inventories |
70.7 |
64.7 |
|
Prices |
89.7 |
83.7 |
|
Backlog |
64.7 |
55.8 |
|
Overall PTDA Index |
68.1 |
67.3 |
PTDA members participating in the Business Index expect 2012 to be another year of growth with an average forecast of 9 percent, up from 8 percent in the 3Q11 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.
