Recent strong sales momentum continued in June, pushing the sales index to a record 86.6.
“Commentary on market conditions remains positive, with respondents indicating selling conditions are strong and customer activity/backlog continues to suggest a favorable outlook.”
A “modestly more positive” reading on customer inventory levels was also registered in June, as 44% of respondents view customer inventory levels as too low, while 8% indicated inventories are too high. This compares to May results of 31% and 3%, respectively.
The FDI Forward-Looking Indicator registered a seasonally adjusted 64 in June – another record result. (…)
http://www.globalfastenernews.com/fdi-sets-sales-index-record-in-june/