August 13, 2016 / travelingsalesman / 1 Comment
I saw where the Fastener Distributor Index FDI for July slipped dramatically, coming in at 45.9 versus 50.6 in June, seasonally adjusted. Over the last month I have had an opportunity to talk to a lot of people about how their year is going so far. If I had to summarize, I’d say that a good number of fastener companies had sales that were 5-10% lower in 2016 than 2015. That is a generalization, but seems to be a common sentiment. If you are heavy into oil & gas, you might be down 30%.The weird thing for me is that I really never expected to see such a significant drop in 5…)
via Fastener Distributor Index FDI Drops – how about you? – Fastenerblog.net.