The Industrial Supply Association posted its July Economic Indicator Report on Wednesday, showing continued solid growth for both its distributor and supplier members in June, though at a slightly slower pace than in June.
- ISA's Distributor Index had a June reading of 66.3 percent — down from May's 69.9. The index has read at least 60.0 in seven out of the past 11 months.
- ISA's Manufacturer Index had a June reading of 63.4 — down from May's 66.0. The index has read at least 63.0 in nine out of the past 11 months.
- Those indexes follow the Institute of Supply Management's June Purchasing Managers Index (PMI) major increase of 2.9 points to a reading of 57.8.
For all three indexes, a reading above 50 percent indicates expansion, while a reading below 50 indicates contraction.
June's readings indicate continued strong expansion for ISA distributors and suppliers, albeit at a slower pace than June. Likewise, the overall manufacturing economy continues to expand at a considerably faster rate than a month earlier.
