Economic activity continued to expand for ISA members in September, according to the latest Economic Indicator Report from the Industrial Supply Association. The Distributor Index rose to 64.8 percent from 58.6 percent in August, while the Manufacturers Index increased to 61.7 percent from 61.6 percent.
For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
“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.”
Two additional Indexes focused 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 percent, and the ISA Abrasives Manufacturer Index was at 63.7 percent.