The seasonally adjusted Fastener Distributor Index (FDI) for September was 52, up from 49.2 in August, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management.
The Forward-Looking Indicator (FLI) also improved, up to 60.6 from the ~53-54 range of the past several months. According to the report, “Taking the FDI and FLI together, in our view, we believe this indicates September fastener market conditions showed improvement off a relatively steady August.”
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