The FDI rose to a robust 66.1 after January’s already strong 57.7, seasonally adjusted.
The Forward Looking Indicator (FLI) surged to a new all-time high of 73.9, despite extreme concerns over supply chain and pricing issues, the 9th consecutive month of positive outlook.
Note: 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.
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. – Fastener News Desk
About: The Fastener Distributor Index (FDI)
The Fastener Distributor Index (FDI) was developed as a service to the fastener industry by the FCH Sourcing Network in 2012 to be a new benchmark for the fastener industry.
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.
Listen to the Fully Threaded Radio podcast episode 162 as Brighton Best International president, Jun Xu joins Fastener Technology International Magazine editor Mike McNulty to provide further analysis.
Fastener Distributor Index, News