The Fastener Distributor Index (FDI) survey for June, 2023. The FDI gained slightly last month to 45.6 after reading 44.7 in May, seasonally adjusted. The Forward Looking Indicator (FLI) dipped slightly to 39.3, approaching its all-time low reading of 37.8 in April of this year.
Key Takeaway:
The seasonally adjusted Fastener Distributor Index (FDI) rebounded slightly to 45.6 compared to 44.7 in May. Respondents pointed to increased quoting activity as the primary driver of the m/m improvement. The Forward-Looking Indicator (FLI) regressed slightly, moving further below the neutral-50 reading to 39.3 vs. May 40.6. Overall, results were mixed, with a slight improvement in the FDI offset by further retrenchment in the FLI – suggesting conditions could get weaker ahead.
READ FULL FDI REPORT:
Fastener Distributor Index Report June_2023
Listen to episode #190 of the Fully Threaded Radio podcast for further commentary.
FND encourages all North American fastener distributors to take part in the FDI Monthly Survey.
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 FDI is a monthly survey of North American fastener distributors, conducted with the FCH Sourcing Network and Baird with support from the National Fastener Distributors Association. It offers insights into current fastener industry trends/outlooks. Similarly, the Forward-Looking Indicator (FLI) is based on a weighted average of four forward-looking inputs from the FDI survey. This indicator is designed to provide directional perspective on future expectations for fastener market conditions. As diffusion indexes, values above 50.0 signal strength, while readings below 50.0 signal weakness. Over time, results should be directly relevant to Fastenal (FAST) and broadly relevant to other industrial distributors such as W.W. Grainger (GWW) and MSC Industrial (MSM).
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.
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