The 1Q13 PTDA Business Index produced a reading of 61.1, a substantial increase over last quarter’s reading of 50.7. This indicates that the power transmission/motion control industry expanded for the 12th consecutive quarter at a slightly faster pace compared with 4Q12.
Despite the sequential increase, the first quarter index is significantly lower when compared to the same quarter in previous years (with the 1Q2011 index at 85.5 and the 1Q12 index at 75.4).
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 1Q13 PTDA Business Index report, including a Canadian breakout, is available through PTDA’s website at www.ptda.org/Index.