Fastener Distributor Index (FDI) survey for July 2020
The results of the Fastener Distributor Index (FDI) for July, 2020, Business showed continued resilience during the month, coming in at 54.6 after June’s dramatic 56.9 rebound, seasonally adjusted.
The positive reading was once again buoyed by the strong sales portion of the index, which shot up to 79.2.
The Forward Looking Indicator (FLI) gained as well, moving to 54.8 after advancing to 52.6 in June.
Please click-in to the Fully Threaded Radio podcast, episode 155 as Andy Cohn of Duncan Bolt joins Mike McNulty to provide further analysis. We’ll also be speaking with Sr. EVP Neil Sexton and EVP Michael Stewart of Northern Safety & Industrial on the topic of the PPE business.
We encourage all North American fastener distributors to take part in the FDI. If you are interested in being a more active part of the fastener industry, you can apply to add your company to the FDI survey group. Complete the “Request an Invitation to Participate” form by clicking here. Once verified, you will receive login ID and password information and you will be notified by email every month when the survey period has been opened..
About | The Fastener Distributor Index (FDI) is a measure of current conditions and market sentiment within the private North American industrial fastener distribution industry. Based on a monthly survey and published report, the FDI was developed in 2012 as a service to the fastener industry by the FCH Sourcing Network and analyst Holden Lewis, then with BB&T Capital Markets.
Like the ISM Purchasing Managers Index (PMI), the FDI is a weighted diffusion index, where a reading greater than 50 indicates growth and less than 50 represents contraction. Indeed, the FDI was modeled after the PMI to become a new benchmark for industrial fastener distribution.
Today, with analysis by David Manthey of R.W. Baird, the FDI reflects a robust history of market conditions. David and his team developed a new component for the index called the Forward Looking Indicator (FLI), which attempts to project conditions in the coming 6 months based on respondent input.
The FDI Survey website is a resource than can be accessed by anyone, but it can only be updated by registered users during the monthly open survey period, which occurs during the last week of each month.
Fastener Distributor Index