The BB&T Capital Markets Fastener Distributor Index (FDI) edged down to 51.3 in June from 52.4 in May.
“As in the last few months, the FDI changed technically (worse) but not substantively. June’s 51.3 was a bit worse than May’s 52.4, but that continues to point to sluggish-but-positive growth.”
The lower figure in June was driven by sales (50, vs. 63.9 in May), where those with better-than-expected results matched those with worse. This was only partly offset by supplier deliveries, which slowed (60.7, vs. 51.4 in May). Customer inventories remain low. (…)
via FDI Sees ‘Sluggish-But-Positive Growth’ – Global Fastener News – USA.