Report: Better Days Ahead for Fastener Distributors
FEATURE
Fastener distributors in the U.S. expressed a strong economic outlook for the domestic economy in the coming month, according to the Fastener Distributor Index (FDI).
More than 74% of distributors surveyed thought activity levels would be “higher” in 2012, the FDI found in January. Only 4.7% predicted “lower” activity.
“As strong as current conditions are, the most lopsided response was in favor of business conditions being even stronger in mid-2012,” the FDI found.
January’s FDI came in at 57.3.
The survey found that 67.4% of respondents reported stronger than expected sales in the opening month of 2012, while 9.3% found sales to be soft.
In addition, most distributors pegged current customer inventories as appropriate, while 23.3% said inventories were too low.
“2012 has started strongly for fastener distributors,” the FDI found. “Demand is good–the tenor of additional commentary was of slow, steady growth–and inventories are seen as low, leading to strong sales trends in January.”
The FDI is a monthly survey of NorAm fastener distributors that aims to provide insight into current trends/outlooks. As a diffusion index, readings above 50 signal strength and below 50 signal weakness.
The FDI is joint production of BB&T Capital Markets and the FCH Sourcing Network, the online network for industrial fasteners. ©2012 GlobalFastenerNews.com
Fastener distributors in the U.S. expressed a strong economic outlook for the domestic economy in the coming month, according to the Fastener Distributor Index (FDI).
More than 74% of distributors surveyed thought activity levels would be “higher” in 2012, the FDI found in January. Only 4.7% predicted “lower” activity.
“As strong as current conditions are, the most lopsided response was in favor of business conditions being even stronger in mid-2012,” the FDI found.
January’s FDI came in at 57.3.
The survey found that 67.4% of respondents reported stronger than expected sales in the opening month of 2012, while 9.3% found sales to be soft.
In addition, most distributors pegged current customer inventories as appropriate, while 23.3% said inventories were too low.
“2012 has started strongly for fastener distributors,” the FDI found. “Demand is good–the tenor of additional commentary was of slow, steady growth–and inventories are seen as low, leading to strong sales trends in January.”
The FDI is a monthly survey of North American fastener distributors that aims to provide insight into current trends/outlooks. As a diffusion index, readings above 50 signal strength and below 50 signal weakness.
The FDI is joint production of BB&T Capital Markets and the FCH Sourcing Network, the online network for industrial fasteners. ©2012 GlobalFastenerNews.com
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