Activity decreased in April for manufacturer and distributor members of the Industrial Supply Association, according to the latest ISA Economic Indicators Report. April marked the second month in a row with a decrease but activity remained in positive territory.
We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
The report showed manufacturer activity in April at 58.92 percent compared to 61.82 percent the previous month and the distributor index at 57.8 percent compared to 62.6 percent in March. For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.
"This marks the second consecutive month where both the manufacturer and distributor indexes decreased from the previous month, which suggests that activity among our members is slowing somewhat from earlier in the year," said John Buckley, ISA executive vice president. "However, all of the indexes remain in positive territory, indicating that business remains strong, which is good news for the industry."
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.