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Growth accelerated for distributors and manufacturers in August, according to the latest Economic Indicator Report from the Industrial Supply Association. The ISA Distributor Index increased from 61.1 in July to 71.2 in August, while the Manufacturer Index rose from 56.4 in July to 67.2, making for the best month since December of 2014.
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.