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The ISA Manufacturer Index declined to 58.0 in April from 65.5 in March, while the ISA Distributor Index declined from 64.3 in March to 58.5 in April.
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.
“While April was down somewhat from the previous month, the results remain encouraging,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “Both the Manufacturer Index and the Distributor Index remain above the 50 percent threshold, indicating an expanding economy. The Anticipated Business Conditions Index and the Anticipated New Orders Index are also strong for the month, which suggests that members feel positive that this growth trajectory will continue.”
For more detail on the ISA Economic Indicator Report, visit isapartners.org.