Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 11/6/20 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) for October was 56.5, improving for the second consecutive month. Nearly all components of the FDI showed m/m improvement. Looking forward, the Forward-Looking Indicator (FLI) also showed nice improvement, reaching the highest […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 10/4/20 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) for September was 52.0, returning to growth after last month’s slight contractionary reading (49.2). An improvement in the sales and employment indexes drove the m/m improvement. Looking forward, the Forward-Looking Indicator (FLI) […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 9/4/20 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) for August was 49.2, implying relatively stable momentum with July (near a neutral 50 reading). Looking at the drivers of the overall m/m moderation in the FDI, a decrease in the sales […]