Economic activity for ISA members increased in July after having decreased the previous month, according to the monthly Economic Indicator Report from the Industrial Supply Association.
The ISA Manufacturers Index rose from 55.9 percent in June to 63.5 percent in July, while the Distributor Index increased from 61.2 percent in June to 62 percent. For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.
“The results of this month’s Economic Indicator Survey show business remained strong in the summer months for ISA members,” said John Buckley, ISA executive vice president. “This month’s report mirrors the positive July results from the Institute for Supply Management, which demonstrates a good start to the second half of the year.”