Fastener Distributor Index Up in October

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Fastener Distributor Index Up in October

The seasonally adjusted Fastener Distributor Index (FDI) for October was 56.5, up from 49.2 in August.
Fastener Distributor Index October 2020
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The seasonally adjusted Fastener Distributor Index (FDI) for October was 56.5, up from 52 in September, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. That marked the second consecutive month of growth.

The Forward-Looking Indicator (FLI) also improved to 64.5, reaching the highest levels since January 2018. According to the report, “Taking the FDI and FLI together, in our view, we believe this indicates October fastener market conditions showed m/m improvement at a greater rate than September.

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About the Author
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Eric Smith

Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
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