Fastener Distributor Index rebounds
The February Fastener Distributor Index (FDI) rebounded to 56.0, following January’s seasonal-adjustment driven down-tick.
The recovery was broadly consistent with recovery seen in the ISM PMI and other macroeconomic data points as pandemic-related disruption eased.
Respondent commentary suggests a continued supply and labor constrained market. The Forward Looking Indicator (FLI) retreated month-to-month to 55.6 as incoming order growth slowed for some respondents.
"Overall, we believe fastener market conditions were strong in February as demand remains robust, although fulfilling demand remains challenging," said David J. Manthey, R.W. Baird analyst.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
