3Q PTDA Business Index slows
The 3Q12 PTDA Business Index produced a reading of 50.3, which represents a deceleration from the 2Q12 reading of 54.2.
This indicates that the power transmission/motion control (PT/MC) industry expanded for the 10th consecutive quarter at a slower pace compared with 2Q12.
Both distributors and manufacturers reported decelerated sales growth compared with the last quarter. On average, sales rose 5 percent in 3Q12, down from the 7 percent growth seen in 2Q12. Distributor sales growth grew 5 percent in 3Q12 down from 6 percent in 2Q12. Manufacturers also reported decelerated sales growth of 6 percent in 3Q12, compared with 8 percent growth last quarter.
The table below provides an overview of the results from the 3Q2012 index and a comparison with 2Q2012.
|
PTDA Quarterly Business Index |
||
|
|
2Q2012 |
3Q2012 |
|
Business Activity |
50.1 |
48.2 |
|
New Orders |
49.2 |
45.0 |
|
Employment |
64.2 |
59.5 |
|
Supplier Deliveries |
53.2 |
48.6 |
|
Inventories |
66.9 |
65.9 |
|
Prices |
65.7 |
71.2 |
|
Backlog |
54.8 |
41.8 |
|
Overall PTDA Index |
54.2 |
50.3 |
PTDA members expect 2013 to be another year of growth, with an average forecast of 6 percent. Notably, 83 percent of distributors and 78 percent of manufacturers surveyed expect positive growth in 2013.
The PTDA Business Index full report is available through PTDA’s website at www.ptda.org.
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.
