ISA Economic Indicator rebounds in August
The September ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that the Manufacturer Index and the Distributor Index both rebounded in August after falling below 50 in July.
The ISA Manufacturer Index increased to 60.1 in August from 48.6 in July. Meanwhile, the ISA Distributor Index increased to 66.3 in August compared to 44.9 in July.
For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
“It’s gratifying to see that the downturn experienced in mid-summer was short-lived,” said Bryon Shafer, general manager of ASG Industrial and chair of ISA’s Strategic Information Committee. “Comments from participants suggest improved optimism about the economy as we enter the fall season.”