The Power Transmission Distributors Association Business Index reading declined to 65.1 compared to the second quarter reading of 69.8. This is the second consecutive quarter of decline in the Business Index, and signals that 2018 is likely to be predominately a year of slowing growth for PTDA member sales.
The PTDA Manufacturer Index declined for the second consecutive quarter to a reading of 64.0 in 3Q2017 from 68.7 in 2Q2017, signaling slowing growth. PTDA distributors also indicated a decline with a 66.5 reading in 3Q2017 versus a 71.3 reading in 2Q2017, also suggesting slowing growth.
The index reading indicates the rate of change compared with the previous period. 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.
