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Economic activity among members of the Industrial Supply Association continued to expand in February, according to the latest ISA Economic Indicator Report.
The February composite ISA Manufacturer Index reached 62.07 percent, continuing the expansionary trend started in January. The ISA Distributor Index also showed expansion, albeit at a slower rate, with the index registering 52.31 percent for the month.
“With a reading above 50 for both manufacturers and distributors, the monthly ISA Economic Indicator Report has been above 50 for 11 of the past 12 months,” said John Buckley, ISA executive vice president. “The New Orders Index and the Business Activity Index slowed somewhat during the month, but ISA members remain optimistic, as evidenced by readings above 60 for both the Anticipated Business Conditions and the Anticipated New Orders Indexes.”