Growth increased for distributors and manufacturers during the month of September, according to the October Economic Indicator Report from the Industrial Supply Association. The ISA Distributor Index increased from 60.1 in August to 63.2 in September, while the Manufacturer Index increased from 58.2 to 59.9.
“This month’s report showed gains for both distributors and manufacturers, but ISA members expressed some caution moving into fall,” said 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.
