The June ISA Economic Indicator Report 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 percent indicates expansion, while a reading below 50 percent indicates contraction. The Indexes have been above 50 percent since December 2012.