The monthly Economic Indicator Report (EIR) from the Industrial Supply Association remained in positive territory in September.
The ISA Manufacturers Index increased from 61.6% in August to 61.7% in September, while the Distributor Index rose from 58.6% to 64.8% during the same period. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
Two additional Indexes that focus on cutting tools and abrasives also showed that ISA members in those product categories remain in an expansionary period. The ISA Cutting Tools Manufacturer Index was at 59.17%, and the ISA Abrasives Manufacturer Index was at 63.7%.
“While the survey results this month are overwhelmingly positive, the Anticipated New Orders Index for both manufacturers and distributors are slightly lower than last month,” said John Buckley, ISA executive vice president. “Comments from survey participants expressed uncertainty over the political climate in Washington and how that may impact the economy.”
For additional information contact John Buckley at [email protected] or 718-423-2113.