The monthly Economic Indicator Report (EIR) from the Industrial Supply Association continued its upward trajectory for the year.
The ISA Manufacturers Index increased from 61.7% in September to 66.7% in October, while the Distributor Index rose from 64.8% in September to 70.9% in October. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
Both Indexes have been above the 50% level for all of 2013.
“Manufacturers of abrasives performed even better during the October reporting period than other manufacturers, as indicated by the Abrasives Manufacturer Index reading of 73.3% for the month,” said John Buckley, ISA executive vice president. “While the Cutting Tools Manufacturer Index was at 62.4% in October, it slightly underperformed the overall manufacturer index.”
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.
For additional information contact John Buckley at [email protected] or 718-423-2113.
