The Manufacturer Index and Distributor Index both rose in October, according to the Economic Indicator Report from the Industrial Supply Association. The ISA Distributor Index increased to 64.9 in October from 57.1 in September, while the Manufacturer Index increased to 68 from 64.9.
The ISM’s PMI also rose, from 49.4 to 51.9 – indicating an expansion of the economy at a faster rate.
Respondents indicated these positive aspects as well. Comments included: “Appears to be more activity…” and “Q3 YOY was up – we believe we've turned the corner.”
For each index, a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.
