Octobers 52.7 improved on Septembers 45.4 in the Fastener Distributor Index.”Employment got better, while inventory dynamics seemed to move more favorably,” noted analyst Holden Lewis of BB&T Capital Markets.The FDI found respondent inventories are still “too high” but to a lesser degree than the previous nine months. And customer inventories are still “too low,” though survey respondents reported limited restocking activity. (…)
