After a rough couple of months, the August Fastener Distributor Index signaled stabilization (51 vs. 45.1 in July).
“The souring conditions of June and July seem to have been arrested in August, when conditions seem to have been in line with expectations.”
Over the last three months the FDI has averaged 49.2 while the national PMI has averaged 49.7. “Both measures seem to be signaling stable demand.” (…)
