Report: Growth slowing in PTMC industry
PTDA study reading suggests the industry is growing at slower pace than last quarter.
According to the Power Transmission Distributors Association’s (PTDA) 2Q13 Business Index the power transmission / motion control (PT/MC) industry expanded for the 13th consecutive quarter but at a slower pace compared with 1Q13. The report’s index reported a reading of 54.7, which represents a decrease over last quarter’s reading of 61.1. When comparing this reading to 2Q12, this is a slight increase to the reading of 54.2.
To put the numbers in perspective, the index reading indicates the rate of change compared with the previous period. For example, a reading of 50 indicates no change from the prior period while readings above 50 indicate growth and below 50 indicate contraction. The further the index is above or below 50 suggests a faster or slower rate of change.
The entire 2Q13 PTDA Business Index report includes U.S. and Canadian breakout data in addition to historical data. The Power Transmission Distributors Association (PTDA) represents 172 power transmission/motion control distribution firms and more than 200 manufacturers and associated companies that supply the PT/MC industry.