The January ISA Economic Indicator Report (EIR) from the Industrial Supply Association indicated that 2014 ended on a positive note for both Manufacturers and Distributors.
The ISA Manufacturer Index increased from 53.0 in November to 61.3 in December, while the ISA Distributor Index rose from 63.0 in November to 66.6 in December.
“Overall, the year 2014 was a good year for our members,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “We ended the year the same way it began, with the Index firmly in positive territory.”
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction. The Indexes have been above 50 percent since December 2012.
