09-09-2013 at 03:52 PM
Category: Uncategorized
KEY TAKEAWAY There is little to report on the FDI in August: at 50.8, it sustained a recent pattern of oscillating around 50. The overall character of demand in August – sluggish growth – seems unaltered from where it has been mired for most of 2013 (despite Fastenal’s release – that looked better than it was). The real question is why things remain so slow when the PMI is surging. Maybe the FDI will follow the PMI as we enter Q4’13. Just as possible is that strength is centered in markets (consumer-related) that are not high-intensity users of industrial fasteners. Maybe its a combination. At this point, the NorAm fastener market is in wait-and-see mode. KEY POINTS About the Fastener Distributor Index (FDI). The FDI is a monthly survey of NorAm fastener distributors, conducted with the FCH Sourcing Network. (…)
