Manufacturing expanded in August
Economic activity in the manufacturing sector expanded in August for the third consecutive month, according to the Institute for Supply Management.
The manufacturing index registered 55.7 percent, an increase of 0.3 percentage point when compared to July's reading of 55.4 percent. August's reading reflects the highest overall PMI reading in 2013. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
ISM's New Orders Index registered 63.2 percent in August, an increase of 4.9 percentage points when compared to the July reading of 58.3 percent. This represents growth in new orders for the third consecutive month, and is also the highest reading for the index since April 2011, when the index registered 63.8 percent.
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.
