FDI September 2023

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 […]

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FDI July 2023

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 […]

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FDI May

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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FDI April

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 […]

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FDI March

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 4/6/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) retreated slightly, coming in at 48.6 vs. 51.6 last month. Participant commentary suggested slowing demand and recession concerns weighed on sentiment. The Forward-Looking Indicator (FLI) improved very modestly, albeit remaining in contractionary […]

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FDI February

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 3/7/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) registered its first expansionary (>50) reading since November, improving to 51.6 from 47.7 last month. Consistent with this, commentary from participants was also a bit more positive this month, with some respondents […]

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FDI December

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 1/9/23 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) capped off the year with a startling sub-50 reading, coming in at 43.8 in December. This was a significant deceleration from last month’s 54.9 reading and indicates market conditions worsened vs. November. […]

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FDI October 2022

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 11/5/22 Key Takeaway: The October seasonally adjusted Fastener Distributor Index (FDI) improved m/m, rising to 56.1, despite continued supply chain disruption, reflecting slightly better selling momentum and employment levels. Commentary remains focused on very elevated freight costs, shipping congestion, and raw material/semi- […]

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FDI August 2022

Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 9/9/22 Key Takeaway: The August seasonally adjusted Fastener Distributor Index (FDI) bounced back nicely from last month’s sub-50 reading, increasing back into expansionary territory at 52.6. This was consistent with a still very positive FLI reading last month. Demand commentary seemed to […]

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