Economic expansion continues for ISA members, according to the August ISA Economic Indicator Report (EIR) from the Industrial Supply Association. However, the Manufacturer and Distributor Indexes moved in opposite directions for the third straight month.
“The ISA Manufacturer Index rose from 61.5 percent in June to 61.8 percent in July, while the Distributor Index decreased from 68.6 percent in June to 63.6 percent this month,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee.
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction. The Indexes have been above 50 percent since December 2012.
“The Anticipated Business Conditions Index and the Anticipated New Orders Index show that manufacturers expect the expansion to continue, but at a somewhat slower pace,” Shafer said.
For additional information contact Bryon Shafer at firstname.lastname@example.org or phone the association headquarters at 215-320-3862 or toll-free at 866-460-2360.
The Industrial Supply Association is the leading association for members of the maintenance, repair, operations and production (MROP) supply chain, representing nearly 1,000 companies worldwide.