The May ISA Economic Indicator Report (EIR) from the Industrial Supply Association shows that manufacturers and distributors experienced slower growth in April compared to March. The ISA Manufacturer Index declined to 58.0 in April from 65.5 in March, while the ISA Distributor Index declined from 64.3 in March to 58.5 in April. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
"While April was down somewhat from the previous month, the results remain encouraging,” says Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “Both the Manufacturer Index and the Distributor Index remain above the 50% threshold, indicating an expanding economy. The Anticipated Business Conditions Index and the Anticipated New Orders Index are also strong for the month, which suggests that members feel positive that this growth trajectory will continue.”
The Industrial Supply Association is for members of the maintenance, repair, operations and production (MROP) supply chain, reportedly representing nearly 1,000 companies worldwide.
For the full report, visit: www.isapartners.org