Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 7/8/24 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) saw a slight m/m decline, 52.1 vs. 52.9 in May, but remained in expansionary territory (>50). Commentary was mixed as some saw good order trends, while others characterized June as fairly weak. […]
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. […]
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 […]
Written by R.W.Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 8/4/21 Key Takeaway: The July seasonally adjusted Fastener Distributor Index (FDI) of 59.6 improved vs. June, driven by slightly better selling conditions. Commentary continued to point to a supply-demand imbalance, along with labor shortages, accelerating pricing, and logistics backlogs. The Forward-Looking Indicator (FLI) […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 6/4/21 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) showed market conditions improved at an accelerating rate in May with a reading of 61.8, remaining above 50 and with strong m/m improvement. Respondent commentary focused on continued robust sales/order activity, however, […]