FEATURE
FDI: April in “Sluggish-But-Positive” Range+ click to enlarge
Source: BB&T Capital Markets’ estimates, FCH Sourcing Network, Institute for Supply ManagementFastenal’s Presence
“Fastenal’s fastener growth is stalled, which made us wonder if it was still a share-gaining juggernaut of yore.”
“53% of respondents felt its size is now such that its fastener business simply reflects the sluggish market trends. 44% believed the company has slipped of late in selling fasteners.”
“Even recognizing that questions such as these exhibit a touch of bravado from respondents, it is still telling that almost no one felt Fastenal was hoovering up market share. Such responses fuel our worries that its fastener business may be suffering as resources route elsewhere.”The BB&T Capital Markets Fastener Distributor Index (FDI) edged down to 51.6 in April.
After “wild gyrations in January/February, March (52.8) and now April (51.6) have settled into a sluggish-but-positive range.” (…)
via FDI: April in “Sluggish-But-Positive” Range – Global Fastener News – USA.