The seasonally adjusted Fastener Distributor Index (FDI) for February was 53.0, showing m/m improvement for the second consecutive month. Sales trends on a seasonally adjusted basis further improved, albeit mostly due to the seasonal adjustment factor (February is typically a weaker month), as the percentage of respondents seeing better-than-expected sales dipped vs. January. The six-month outlook was essentially unchanged, but weakness in other components pushed the Forward-Looking Indicator (FLI) down into contractionary levels, 48.9.(…)
