ISA Economic Index rises in October
The monthly Economic Indicator Report (EIR) from the Industrial Supply Association continued its upward trajectory for the year.
The ISA Manufacturers Index increased from 61.7% in September to 66.7% in October, while the Distributor Index rose from 64.8% in September to 70.9% in October. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
Both Indexes have been above the 50% level for all of 2013.
“Manufacturers of abrasives performed even better during the October reporting period than other manufacturers, as indicated by the Abrasives Manufacturer Index reading of 73.3% for the month,” said John Buckley, ISA executive vice president. “While the Cutting Tools Manufacturer Index was at 62.4% in October, it slightly underperformed the overall manufacturer index.”
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.
