ISA Indexes rise in June
The July ISA Economic Indicator Report (EIR) from the Industrial Supply Association indicated that growth picked up for Distributors and Manufacturers as summer began.
The ISA Distributor Index increased from 56.6 in May to 65.7 in June, while the Manufacturer Index rose from 50.7 in May to 62.7.
“Business was strong as we began the summer months, following two months of slower growth,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “The New Orders Index was up for both distributors and manufacturers, and the Anticipated New Orders Indexes are also strong, which should translate into continued strong sales throughout the summer.”
For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction. The Indexes have been above 50% since December 2012.
Shafer also announced that ISA will hold the first of a new quarterly webinar series called ISA Insights LIVE on July 29, 1 p.m. EST. Click here for details.
“This new quarterly webinar series offers a wonderful opportunity to stay on top of the most critical economic trends for industrial markets,” said Shafer.
The webinar will be hosted by Jack Schron of Jergens Inc., with guests Craig Vogel of Lenox and Bill Henricks of DGI Supply providing their insights. The 30-minute webinar will be followed by a question-and-answer period.
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.
