The monthly Economic Indicator Report (EIR) from the Industrial Supply Association increased in July after having decreased the previous month.
The ISA Manufacturers Index rose from 55.9% in June to 63.5% in July, while the Distributor Index increased from 61.2% in June to 62.0%. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
“The results of this month’s Economic Indicator Survey show business remained strong in the summer months for ISA members,” said John Buckley, ISA executive vice president. “This month’s report mirrors the positive July results from the Institute for Supply Management, which demonstrates a good start to the second half of the year.”
For the complete report, go to www.isapartners.org/index.