Second month of slower growth for ISA members
The June ISA Economic Indicator Report (EIR) from the Industrial Supply Association indicated that growth slowed for Distributors and Manufacturers for the second month in a row.
The ISA Distributor Index decreased from 64.2 in April to 56.6 in May, while the Manufacturer Index declined from 56.6 in April to 50.7 in May.
“This month’s report marks another slower month for distributors and manufacturers, but the indexes remain in expansion mode,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee.
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.
