Posted February 9, 2022

January FDI 'slightly softer'

The January seasonally adjusted Fastener Distributor Index (FDI) was "slightly softer" at 52.7, compared to 56.2 in December.

Although modest underlying improvement was seen in most metrics; the seasonal adjustment factor downwardly impacted results as January is normally the strongest month of the year for the index.

Respondent commentary pointed to customer fatigue amid erratic supplier deliveries and lead times.

The Forward-Looking Indicator (FLI) was modestly softer as well, coming in at 62.8, due to higher inventory levels and a less-optimistic six-month outlook. The FLI was 63.7 in December.

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