PTDA index slowed in fourth quarter
The PTDA Business Index for the fourth quarter of 2016 indicates continued slowing with a reading of 48.3, a noticeable rise from the 46.9 reading in the third quarter but still below the January 2016 PMI Index of 56.0.
Manufacturers reported a 49.1 reading in 4Q2016 up from 46.8 in 3Q2016 and thereby driving the rise in the quarter-to-quarter increase in the overall PTDA Business Index. In contrast, distributors indicated a lower reading of 47.0 in 4Q2016, down from a 47.2 reading in 3Q2016.
The entire 4Q2016 PTDA Business Index report is available through PTDA’s website at ptda.org/Index. It includes distributor and manufacturer breakout data in addition to historical data. The PTDA Business Index also includes macro and micro analysis from ITR Economics with actionable suggestions to help users reduce risk and drive practical and profitable decisions. The PTDA Business Index is modeled after the widely respected Purchasing Managers Index (PMI) and tracks change in business activity, new orders, employment, supplier deliveries, inventories, prices and backlog in the PT/MC industry to arrive at an overall index.