According to the latest ISA Economic Indicators Report (EIR) from the Industrial Supply Association, activity among its manufacturer and distributor members continued to demonstrate strength in early 2012.
The report, calculated similarly to the ISM’s Purchasing Managers Index (PMI), showed manufacturer activity in February at 63.99%, up from the January index of 62.64%. The distributor index was 64.83%, up from the January index of 64.11%. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
“This marks the 12th straight month that both indexes have remained in positive territory,” said John Buckley, ISA executive vice president. "Nearly 93% of reporting manufacturers and 79% of reporting distributors said year-to-date sales were higher this month compared to the same time last year, and both groups reported that new orders are trending higher this month compared to the previous month."
For additional information contact John Buckley at email@example.com or 718-423-2113.