PTDA Business Index shows slower growth
The PTDA Business Index for the fourth quarter of 2015 indicates continued slowing with a reading of 35.7, slightly down from 37.7 in the third quarter.
The PTDA Business Index reading fell behind the January 2016 PMI Index of 48.2 for a 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, strong U.S. dollar overseas impacting exports and a global growth slowdown.
[Note: 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 4Q2015 PTDA Business Index report is available through PTDA’s website at ptda.org/Index.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
