Distributors and manufacturers experienced stronger markets, according to the September ISA Economic Indicator Report (EIR) from the Industrial Supply Association shows continued market expansion for distributors and manufacturers. However, the Manufacturer and Distributor Indexes moved in opposite directions for the fourth straight month.
“The ISA Manufacturer Index fell from 61.8% in July to 59.0% in August, while the Distributor Index increased from 63.6% in July to 65.1%,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee.
For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction. The Indexes have been above 50% since December 2012.
“Both distributors and manufacturers expect business conditions to remain strong as we head into the fall months,” Shafer said.
For additional information contact Bryon Shafer at [email protected] or phone the association headquarters at 215-320-3862 or toll-free at 866-460-2360.
The Industrial Supply Association represent the maintenance, repair, operations and production (MROP) supply chain, representing nearly 1,000 companies worldwide.