FDI February 2024

Fastener Distributor Index FDI February 2024

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 3/5/24 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) bounced back to growth (>50) in February with a reading of 50.5. A key theme present among respondent commentary was stabilization/consistency in demand. After accurately forecasting the rebound in this month’s FDI, […]

Read More… from FDI February 2024

FDI January 2024

Fastener Distributor Index FDI January 2024

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 2/7/24 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) saw solid m/m improvement in February with a 49.7 reading, as most underlying components of the index rose back into expansionary territory. Comments were again somewhat mixed but overall tone leaned net […]

Read More… from FDI January 2024

FDI December 2023

Fastener Distributor Index (FDI) December 2023

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 1/8/24 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) softened m/m with a reading of 47.5 but participants largely attributed this to seasonal softness around the holidays. Comments were varied as some participants see significant uncertainty (economy, election) heading into 2024, […]

Read More… from FDI December 2023

FDI November 2023

The seasonally adjusted Fastener Distributor Index (FDI) improved m/m and remained above a neutral 50 reading for the second consecutive month, reading 53.4

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 12/7/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) improved m/m and remained above a neutral 50 reading for the second consecutive month, reading 53.4. Comments skewed noticeably more positive this month with many expressing that they are seeing good bookings […]

Read More… from FDI November 2023

FDI September 2023

The seasonally adjusted Fastener Distributor Index (FDI) modestly retreated in September to a sub-50 reading at 48.5 after briefly reaching a neutral 50.0 in August.

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 10/5/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) modestly retreated in September to a sub-50 reading at 48.5 after briefly reaching a neutral 50.0 in August. While August may have temporarily benefited from some pent-up demand following summer vacations, September […]

Read More… from FDI September 2023

FDI August 2023

The seasonally adjusted Fastener Distributor Index (FDI) surged to a neutral reading of 50.0 compared to 40.7 in July.

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 9/8/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) surged to a neutral reading of 50.0 compared to 40.7 in July. Respondents pointed to a rebound in demand as customers returned from summer vacations (which had pressured the July FDI). The […]

Read More… from FDI August 2023

FDI July 2023

The seasonally adjusted Fastener Distributor Index (FDI) retreated to 40.7 compared to 45.6 in June.

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 8/9/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) retreated to 40.7 compared to 45.6 in June. Respondents pointed to potential vacation/holiday noise and soft new orders (despite healthy quoting). The Forward-Looking Indicator (FLI) also regressed but very modestly off an […]

Read More… from FDI July 2023

FDI June 2023

The seasonally adjusted Fastener Distributor Index (FDI) rebounded slightly to 45.6 compared to 44.7 in May.

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 7/12/23 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 […]

Read More… from FDI June 2023

FDI May

Fastener Distributor Index, FDI, May 2023

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 6/7/23 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 business opportunities and general softening in the economy as the driver of the m/m decline. The Forward-Looking Indicator […]

Read More… from FDI May

FDI April

Fastener Distributor Index, FDI, April 2023

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 5/7/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) weakened further to 46.3 compared to 48.6 in March. Respondents indicated raw material shortages and declining prices/margins were the primary drags in April. The Forward-Looking Indicator (FLI) also softened to just 37.8 […]

Read More… from FDI April