The Forward Looking Indicator (FLI) followed suit, rising to 65.7, the 7th consecutive month of positive outlook.
FDI MWFA 1-21-2021
Image via: MWFA website
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 160, as Baird analyst, Dave Manthey will join Fastener Technology International Magazine editor Mike McNulty to provide further analysis and round up the 10th year of the index.
Fastener Distributor Index