Distributor and Manufacturer Indices Rose in ISA’s September Economic Indicator Report
While the association’s indices remain on the rise, survey comments indicate that manufacturers and distributors are nevertheless expressing caution going forward.
The October ISA Economic Indicator Report from the Industrial Supply Association (ISA) registered gains for distributors and manufacturers during September 2015. The ISA Manufacturer Index increased from 58.2 in August to 59.9 in September, while the Distributor Index increased from 60.1 to 63.2.
“This month’s report showed gains for both distributors and manufacturers, but ISA members expressed some caution moving into fall,” says Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “Comments from survey participants suggest a sluggishness in the economy that bears watching.”
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction. The indexes have been above 50 percent since December 2012.
To read the full report, click here.
To discuss these economic indicators and forecast data from its September 2015 reports, the ISA will host a webinar October 27 at 11:00 a.m. EST. To register, click here.
