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PTDA Business Index shows continued slower growth.

2016-02-23 14:31:08| Industrial Newsroom - All News for Today

PTDA Business Index for 4Q2015 indicates continued slowing of power transmission/motion control industry with a reading of 35.7, slightly down from 37.7 in 3Q2015. Reading fell behind January 2016 PMI® Index of 48.2 for second quarter in a row. Both distributor and manufacturer reporting showed flat or decreased growth for 4Q2015 versus 3Q2015. This continues to be a reflection of current economic conditions, including low crude oil prices and strong U.S. dollar overseas impacting exports.

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