Business conditions for distributors and manufacturers expanded for the 13th straight month according to the latest Economic Indicator Report (EIR) from the Industrial Supply Association.
The ISA Manufacturer Index rose from 58.9% in December to 62.0% in January, while the Distributor Index increased from 55.2% in December to 66.4% in January. 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.
“The year started on a strong note for ISA members,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “This month’s survey responses indicate that the industrial supply channel is continuing the trend established throughout 2013, which is good news for distributors and manufacturers.”
For the complete report, go to www.isapartners.org/index. For additional information contact Bryon Shafer at email@example.com or phone the association headquarters at 215-320-3862 or toll-free at 866-460-2360.
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.