The monthly Economic Indicator Report (EIR) from the Industrial Supply Association fell in June from the previous month, but remained in positive territory.
The ISA Manufacturers Index decreased from 58.8% in May to 55.9% in June, while the Distributor Index fell from 65.1% in May to 61.2% in June. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
“Despite the lower readings in both the Manufacturer’s and Distributor’s index, both indexes remain in positive territory,” said John Buckley, ISA executive vice president. “The Anticipated Business Conditions Index and the Anticipated New Orders Index suggest that ISA members anticipate a good month for business in the next 30 days.”
For additional information contact John Buckley at firstname.lastname@example.org or 718-423-2113.