Economic expansion continues for ISA members, according to the August ISA Economic Indicator Report from the Industrial Supply Association. The ISA Manufacturer Index rose from 61.5 percent in June to 61.8 percent in July. The ISA Distributor Index fell from 68.6 percent in June to 63.6 percent.
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction. The indexes have been above 50 percent since December 2012.
“The Anticipated Business Conditions Index and the Anticipated New Orders Index show that manufacturers expect the expansion to continue, but at a somewhat slower pace,” said Byron Shafer, general manager of ASG Industrial and chairman of ISA’s Strategic Information committee.