The 1Q2017 PTDA Business Index supports this forecast for improvement as it climbed exponentially to 69.3, a significant improvement compared to last year’s first quarter reading of 46.9. The PTDA Business Index is also higher than the April 2017 PMI Index of 54.8.
Manufacturers reported a 70.2 reading in 1Q2017, up from 49.1 in 4Q2016 representing the largest quarter-to-quarter increase in the PTDA Business Index data history. Distributors also indicated a significantly higher reading of 68.2 in 1Q2017, up from a 47.0 reading in 4Q2016. PTDA members are benefiting from a general rise in U.S. corporate profits, capital expenditures and industrial utilization rates.
PTDA members participating in SHOR receive the results at no charge approximately 30 days after the close of the calendar quarter. For more specifics on the forecast for power transmission/motion control sales through distribution as well as forecasts for manufacturer sales, purchase the 4Q2016 SHOR at ptda.org/SHOR.
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. The entire 1Q2017 PTDA Business Index report is available through PTDA’s website at ptda.org/Index.
The Power Transmission Distributors Association (PTDA) is the leading global association for the industrial power transmission/motion control (PT/MC) distribution channel. Headquartered in Chicago, Illinois, USA, PTDA represents power transmission/motion control distribution firms that generate more than $16 billion in sales and span over 2,500 locations. PTDA members also include manufacturers that supply the PT/MC industry.
PTDA
www.ptda.org