ISA index falls in December
The monthly Economic Indicators Report (EIR) from the Industrial Supply Association showed a slight contraction in member activity in December, particularly among manufacturers.
At 49.5%, the ISA Manufacturers Index fell below 50 for the first time in 2012, while the distributor index fell to 50.5% from 57.9% the previous month. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
Both numbers are comparable to the Institute for Supply Management’s PMI of 50.7 for the month of December.
“The December report demonstrates the continued sluggishness of the economy and its impact on ISA members,” said John Buckley, ISA executive vice president. “Much of the decline is likely seasonal in nature, reflecting a traditional slowdown as a result of the holiday season. As a whole, 2012 was a good year for ISA members.”
Beginning with the January 2013 report, the monthly Economic Indicator Report follows a new format that provides more information and is easier to read.
"The committee is always looking for ways to increase the value and usability of all financial and economic reports produced by the ISA," said Bryon Shafer, ASG Industrial Division of Jergens Inc., chairman of the Strategic Information Committee. "The new format for the Economic Indicator Report accomplishes both objectives. We continue to work on enhancements to the report. A major goal of the committee is to increase member participation in the report. We hope that the new format will generate greater interest and participation."
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
