The November ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that the Manufacturer Index and the Distributor Index both moved higher during the month of October.
The ISA Manufacturer Index increased to 68.0 in October from 64.9 in September. Meanwhile, the ISA Distributor Index rose to 64.9 in October from 57.1 in September.
For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
“All indications are that the year will end on a strong note for ISA members,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “Comments from participants indicated significant activity and hopes for growth now that the presidential election is behind us.”