ISA Economic Index falls
The monthly Economic Indicator Report (EIR) from the Industrial Supply Association showed a slowdown in activity for ISA members.
The May ISA Manufacturers Index fell from 68% in April to 59.3% in May, while the Distributor Index dropped from 69.4% in April to 65.1% in May. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
“While still in positive territory, the monthly Economic Indicator Report indicates slower growth last month compared to April,” said John Buckley, ISA executive vice president. “Coupled with the fact that the New Orders Index and the Business Activity Index also came in lower than last month, it fuels speculation of a slowing down of the economy for members.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
