The Fastener Distributor Index (FDI) for September, 2020.
Activity and sentiment improved during the month, as evidenced by a 52.0 reading after coming in at 49.2 in August, seasonally adjusted.
The Forward Looking Indicator (FLI) shows increasing optimism among fastener distributors, with a reading of 60.6, the fourth consecutive month of positive outlook.FDI_Report_September_2020
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.
Please click-in to Fully Threaded Radio, episode 157, as Frank DeVito of Solution Industries will join Fastener Technology International Magazine editor Mike McNulty to provide further analysis.
Tell your fellow North American fastener distributors about the FDI to help us further develop: www.fastenersclearinghouse.com/fch/main.nsf/fFastenerDistributorIndex
Fastener Distributor Index, News