Posted November 26, 2018

PTDA Business Index suggests slower growth

The second quarter 2018 Sales History & Outlook Report released by the Power Transmission Distributors Association indicates the average PTDA distributors’ index for total sales during 2Q18 was up 6.5 percent from the year-ago level.

PTDA manufacturers’ average index for total sales was also strong, up 8.9 percent from a year ago. While both indices are in an accelerating growth phase, evidence suggests a slowing growth trend by the end of 2018.

The 3Q2018 PTDA Business Index ticked down for the second quarter in a row, to a reading of 63.1 compared to the second quarter 2018 reading of 70.3 but still remains above ISM’s U.S. Purchasing Managers Index (PMI) of 57.7. The overall trend suggests slowing growth ahead for PTDA member sales.