The PTDA Business Index for 1Q2014 indicates continued growth in the power transmission/motion control market but tempered expectations for year-end 2014. This quarterly survey of PTDA's distributor and manufacturer members continues to point to growth, with the 1Q2014 Business Index at 63.6, up from the 4Q2013 reading of 60.2. However, when asked about their outlook for the entire year, survey participants lowered their expectations from 7% growth to 6% growth, suggesting expectations of weakness later in the year.
The entire 1Q2014 PTDA Business Index report is available through PTDA's website at www.ptda.org/index. It includes distributor and manufacturer breakout data in addition to historical data. The PTDA Business Index is modeled after the widely respected Purchasing Managers Index 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.