The seasonally adjusted Fastener Distributor Index (FDI) for August was 49.2, down from 54.6 in July, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management.

The Forward-Looking Indicator (FLI) was relatively steady, staying in the ~53-54 range seen consistently over the past three months (August, 53.3). According to the report, “Taking the FDI and FLI together, in our view, we believe this indicates August fastener market conditions showed relative stability in trends after several consecutive months of strong m/m improvement.”