CHICAGO — The PTDA Business Index for Q1 2015 indicates slowing but continued positive growth. Reinforcing this positive outlook is the overall Q1 2015 PTDA Business Index reading of 67.7, a slightly higher reading than the Q4 2014 reading of 66.4. A deeper analysis shows distributors reported more positive business activity and new orders in Q1 2015 than manufacturers, a notable change from the same period in 2014.
[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 Q1 2015 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 is modeled after the widely respected Purchasing Managers Index 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.