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 […]

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