Economic activity for ISA members in June fell from the previous month but remained in positive territory, according to the monthly Economic Indicator Report from the Industrial Supply Association.
The ISA Manufacturers Index decreased from 58.8 percent in May to 55.9 percent in June, while the Distributor Index fell from 65.1 percent in May to 61.2 percent in June. For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.
“Despite the lower readings in both the Manufacturer’s and Distributor’s index, both indexes remain in positive territory,” said John Buckley, ISA executive vice president. “The Anticipated Business Conditions Index and the Anticipated New Orders Index suggest that ISA members anticipate a good month for business in the next 30 days.”