ISA May Distributor Index Jumps To Highest Mark In 15 Months

ISA's Distributor and Manufacturer Indexes both showed considerable growth in May, with the Distributor Index showing its highest reading since February 2016.

Id 32146 Arrow For Growth Q

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 β€” 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 β€” 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.

More in Economy