The Fastener Distributor Index (FDI) survey for May, 2023 dropped again last month to 44.7 after reading 46.3 in April, seasonally adjusted. The Forward Looking Indicator (FLI) remained glum but ticked upward slightly to 40.6. Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) weakened further to 44.7 compared to 46.3 in April. Respondents pointed to declining new … Continue reading Fastener Distributor Index (FDI) | May 2023