The March seasonally adjusted Fastener Distributor Index (FDI) was essentially stable m/m at 66.0, implying conditions remained at the strong pace seen in February. The sales index remained at very high levels as respondents continue to report more demand than supply. The Forward-Looking Indicator (FLI) also saw further m/m acceleration, reaching a new record high of 78.5, shattering last month’s 73.9 record, and signaling additional expansionary demand conditions in the months ahead. Net, we believe March was another strong month for most fastener distributors relative to expectations, although supply seems to be more of an issue than demand currently.(…)
via FASTENER DISTRIBUTOR INDEX (FDI) | MARCH 2021 | Fastener News Desk.