The Industrial Supply Association posted its June Economic Indicator Report on Wednesday, showing considerable growth for both its distributor and supplier members in May after falling in April.
- ISA's Distributor Index had a May reading of 69.9 — its highest mark since February 2016's 70.3. It was an increase of 11.4 points from April.
- ISA's Manufacturer Index had a May reading of 66.0 — its highest mark since October 2016's 68.0. It was an increase of 8.0 points from April.
- Those indexes follow the Institute of Supply Management's May Purchasing Managers Index (PMI) increase of 0.1 point to a reading of 54.9.
For all three indexes, a reading above 50 percent indicates expansion, while a reading below 50 indicates contraction.
May's readings indicate continued expansion for ISA distributors and suppliers, and at a much faster rate than in April. Likewise, the overall manufacturing economy continues to expand at a slightly faster rate.