FASTENER DISTRIBUTOR INDEX (FDI) | MAY 2022hdfadmin
The Fastener Distributor Index (FDI) survey for May, 2022.
The FDI remained steady last month at 52.7 versus the April reading of 52.6, seasonally adjusted.
Likewise, the Forward Looking Indicator (FLI) showed little movement at 55.4 versus 55.1 the previous month. Remaining in growth territory, the reading remains strong and marks the 24th consecutive month of positive (+50.0) outlook.
The May seasonally adjusted Fastener Distributor Index (FDI) was essentially unchanged vs. last month, remaining in modest growth territory at 52.7. Container/import logistics constraints and slowing growth were consistent themes among respondents. The pricing indices were also stable but at very high levels, as higher import costs and raw material pressures continue to drive out-sized fastener pricing. The Forward-Looking Indicator (FLI) was also consistent with last month at 55.4, as higher employment levels offset a weaker six-month outlook. Net, we believe growth and overall market conditions in May were stable m/m, with the overall index indicative of continued but moderating growth.
READ THE FULL MAY 2022 REPORT:
We encourage all North American fastener distributors to take part in the FDI. If you are interested in being a more active part of the fastener industry, you can apply to add your company to the FDI survey group. Complete the “Request an Invitation to Participate” form by clicking here. Once verified, you will receive login ID and password information and you will be notified by email every month when the survey period has been opened. – Fastener News Desk
About the Fastener Distributor Index (FDI).
The Fastener Distributor Index (FDI) was developed as a service to the fastener industry by the FCH Sourcing Network in 2012 to be a new benchmark for the fastener industry.
The FDI is a monthly survey of North American fastener distributors, conducted with the FCH Sourcing Network and Baird with support from the National Fastener Distributors Association. It offers insights into current fastener industry trends/outlooks. Similarly, the Forward-Looking Indicator (FLI) is based on a weighted average of four forward-looking inputs from the FDI survey. This indicator is designed to provide directional perspective on future expectations for fastener market conditions. As diffusion indexes, values above 50.0 signal strength, while readings below 50.0 signal weakness. Over time, results should be directly relevant to Fastenal (FAST) and broadly relevant to other industrial distributors such as W.W. Grainger (GWW) and MSC Industrial (MSM).
The FDI Survey website is a resource than can be accessed by anyone, but it can only be updated by registered users during the monthly open survey period, which occurs during the last week of each month.
Tune in to episode #177 (Coming on 6/16) on the Fully Threaded Radio podcast at FullyThreaded.com.
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