BB&TCM’s Fastener Distributor Index (FDI): May Backtracks, Trend KEY TAKEAWAY May’s FDI was weak at 47.8, but on the heels of an April that felt too strong (59.3), this retreat is not overly surprising. We think there is some value in smoothing the result, and if you do that the FDI, PMI and MBI indexes all reflect stable growth. Respondents remain confident that the next six months will remain positive. Also, the pricing picture seems to be improving as a result of better demand and sector-specific factors. Overall, we think the overall environment for fastener distributors continues to gradually improve. KEY POINTS About the Fastener Distributor Index (FDI).(…)
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