The November ISA Economic Indicator Report from the Industrial Supply Association showed mixed results for manufacturers and distributors for the month of October.
“The ISA Manufacturer Index increased from 60.5 in September to 67.3 in October, while the ISA Distributor Index declined from 76.8 in September to 66.7 in October,” said Bryon Shafer, general manager of ASG Industrial and chairman of ISA’s strategic information committee.
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 declined for both groups, suggesting that ISA members anticipate some slowdown in November,” Shafer said.