ISA economic report down slightly from last month but expansion continues

According to the latest Industrial Supply Association Economic Indicators Report (EIR), activity among its manufacturer and distributor members dipped slightly compared to last month but remains in positive territory.

The report showed manufacturer activity at 61.82% compared to 63.99% the previous month and the distributor index at 62.86% compared to 64.83% in February. For each index, a reading above 50% indicates expansion, while a reading below that same mark indicates contraction.

“All levels of the industrial supply industry continued to expand in March. During the same time frame, the Institute for Supply Management’s Purchasing Managers Index, which is a snapshot of customers of industrial supply companies was at 53.4%,” said John Buckley, ISA executive vice president. “However, while the channel continues to expand, we are seeing a few signs of slower growth. The Manufacturer Index for New Orders is showing a bit of contraction at 46.6%. The Overall Business Activity Index was just about flat at 51.1%”

For the complete report, click here.

ISA is a Philadelphia-based association for members of the maintenance, repair, operations and production supply chain, representing nearly 1,000 companies worldwide.

-Bill O’Leary

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