Power transmission/motion control industry shows growth in second quarter
August 26, 2014 by Manufacturing AUTOMATION
Aug. 26, 2014 – The PTDA Business Index for the second quarter of 2014 indicates strong growth in both business activity and new orders. Business activity increased 12.7 per cent (from 67.7 to 76.3) and new orders improved 14.5 per cent (from 67.7 to 77.5) from the first quarter to the second quarter this year.
This quarterly survey of PTDA’s distributor and manufacturer members continues to point to growth, with the second quarter Business Index at 68.7, up from the first quarter reading of 63.6. However, when asked about their outlook for the entire year, survey participants’ expectations remained the same from the previous quarter at six per cent growth.
(Note: 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 2Q2014 PTDA Business Index report is available through PTDA’s website at www.ptda.org.