Business moderated somewhat for manufacturer and distributor members of the Industrial Supply Association according to the recent ISA Economic Indicator Report.
The ISA Manufacturer Index dipped from 66.0% in March to 64.9% in April, while the Distributor Index slipped from 65.0% in March to 64.3% this month. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction. The Indexes have been above 50% since December 2012.
“We continue to see very positive numbers for ISA members,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “The results also indicate a positive outlook for the month of May. Anecdotally, the attitude among ISA members was overwhelmingly positive at the 2014 ISA Annual Convention that just wrapped up in New Orleans. The general mood among ISA members is upbeat.”
The Industrial Supply Association is the leading association for members of the maintenance, repair, operations and production (MROP) supply chain, representing nearly 1,000 companies worldwide.