The Fastener Distributor Index for August reached 62.7, driven “mainly by improved sales trends,” writes R.W. Baird analyst David Manthey.
“In the August survey, 70% of respondents indicated sales were “better” relative to seasonal expectations, well above July levels (47%).”
August’s sales index of 77.1 suggests selling conditions remain “very healthy” overall, according to Manthey.
via August FDI Accelerates Amid ‘Positive’ Market Trends | Global Fastener News