While U.S. manufacturing grew in August “at the strongest pace in more than three years,” according to the Associated Press, publicly-traded fastener company shares did not fare well.The FIN Fastener Stock Index has lost 4% of its overall value since July 1, compared to a 1.8% gain by an index of related industrial stocks.
via FINdex Drops Despite Brisk U.S. Manufacturing – Global Fastener News – USA.