The June ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that manufacturers and distributors experienced continued economic expansion in May.
The ISA Manufacturer Index increased to 66 in May from 58 in April, while the ISA Distributor Index rose to 69.9 in May from 58.5 in April.
For each index, a reading above 50 percent indicates expansion, while a reading below 50% indicates contraction.
"This month's report shows that the expansion that began in July 2016 is still going strong for ISA members,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “Members expect the current environment to continue into the summer months, as the Anticipated Business Conditions Index and the Anticipated New Orders Index are overwhelmingly positive for distributors and manufacturers.”
For the complete report, click here.