The Fastener Distributor Index (FDI) survey for October, 2022 dipped further into contractionary territory last month with a 44.3 reading, seasonally adjusted, after ending 27 straight months of expansion by sinking to 47.6 in September. The Forward Looking Indicator (FLI) further softened to 42.2, reflecting general pessimism with expected market conditions. Key Takeaway: The October seasonally adjusted … Continue reading Fastener Distributor Index | October 2022