Power Transmission Industry to Decline
The Power Transmission Distributors Association (PTDA) first quarter 2020 Sales History & Outlook Report (SHOR) shows that the COVID-19 outbreak, and oil supply-demand imbalance have resulted in a steep drop-off in sales across many sectors of the economy.
PTDA Distributors SHOR Index and Manufacturers SHOR Index will reach cyclical lows in early 2021 with a subsequent rise lasting through at least 2022.
PTDA Business Index, for distributors rose in the first quarter 2020, reaching 56.1, the manufacturer index was up to 41.7, but indicated manufacturer activity is in decline. The upward momentum in both indices will be short lived, as the impact of the COVID-19 and oil price will likely be more acute in the second quarter.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Baldor Enhances Same-Day Gearbox Assembly Operations
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
