The PTDA Business Index indicated 3Q2011 was the sixth consecutive quarter for business growth among PTDA members, albeit with a reading of 68.1. Compared with a reading of 70.2 for 2Q2011, the recently released third-quarter results indicate the power transmission/motion control industry is expanding at a slower pace than before.
PTDA members participating in the Business Index on average continue forecasting 12 percent growth, the same as from the 2Q outlook. Distributors' sales rose faster in the third quarter than manufacturers' sales.
The PTDA Business Index includes U.S. and Canadian breakout data in addition to historical data.