Activity among members of the Industrial Supply Association continued to demonstrate strength in early 2012, according to the latest ISA Economic Indicators Report (EIR).
Deliver Distribution News to Your Inbox
Sign up below to receive
MDM Update, your free weekly distribution news update by email.
The report, calculated similarly to the ISM’s Purchasing Managers Index (PMI), showed manufacturer activity in February at 63.99 percent, up from the January index of 62.64 percent. The distributor index was 64.83 percent, up from the January index of 64.11 percent.
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent 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 percent of reporting manufacturers and 79 percent 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 the complete report, click here.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.