Power transmission industry sees continued expansion, but pace slows slightly
August 16, 2012 by Manufacturing AUTOMATION
Business growth continued in the power transmission industry for the ninth consecutive quarter, but sales growth has slowed from past quarters, according to a new study by the PTDA.
The PTDA Business Index found that the second quarter of 2012 was the ninth consecutive quarter for business growth among PTDA members, with a reading of 54.2.
Compared with a reading of 75.4 for the first quarter of 2012, the recently released second-quarter results indicate the power transmission/motion control industry is still expanding but at a slower pace than before. Both distributors and manufacturers reported decelerated sales growth in the second quarter of 2012.
PTDA members participating in the Business Index expect 2012 to be another year of sales growth with an average forecast of 8 per cent, down from 11 per cent in the first quarter survey.
The PTDA Business Index full report is available through PTDA’s website. It includes U.S. and Canadian breakout data in addition to historical data.