Strong sales, distributor inventories and pricing meet lower employment and customer inventories.
Tag "FDI"
April 06
21:56
2020
The seasonally adjusted March FDI (44.4) experienced a sharp contraction (February 53) “as the COVID-19 pandemic and ensuing shutdowns took hold over the latter half of the month,” R.W. Baird analyst David Manthey wrote.
March 17
03:20
2020
“Of note, the improvement in the sales index was driven mainly by the seasonal adjustment factor, as the percentage of respondents seeing better-than-expected sales actually decreased vs. last month, although this is not usual given February is normally a seasonally weaker month,” R.W. Baird analyst David Manthey wrote.
February 24
09:44
2020
About 53% of respondents saw sales growth above seasonal expectations, while 23% characterized sales as below seasonal expectations.
January 09
12:22
2020
For the second consecutive month, 56% of respondents saw sales growth below seasonal expectations, while just 19% characterized sales as above seasonal expectations.
November 14
15:02
2019
“Sales trends were slightly improved on an unadjusted basis, but the seasonal-adjustment factor drove the sales index down (month-to-month),” according to R.W. Baird analyst David Manthey.
October 28
04:02
2019
“Better sales trends were offset by a weaker employment reading,” according to R.W. Baird analyst David Manthey.
October 01
02:22
2019
“Better sales trends and a slight improvement in the employment index were the main contributors of the improvement,” according to R.W. Baird analyst David Manthey.
September 03
04:09
2019
“A slight uptick in the percentage of respondents perceiving customer inventory levels as 'too low' was the primary driver of the recovery,” writes R.W. Baird analyst David Manthey.
May 06
16:10
2019
“Sales trends rebounded nicely from weak March trends, which saw a contractionary sales reading,” according to R.W. Baird analyst David Manthey.
March 25
03:17
2019
“Stabilization or further moderation in the FDI could be more likely than acceleration from here,” according to R.W. Baird analyst David Manthey.
February 14
02:39
2019
Several respondents expressed “cautious optimism” for a potential resolution to the US-China trade dispute. Pending any resolution, however, tariffs continue to impact lead times and pricing.
February 04
05:31
2019
Sales trends improved in December, with 42% of respondents indicating sales were “better” relative to seasonal expectations vs. 34% of respondents the previous month.
January 07
04:05
2019
November Fastener Distributor Index decelerates on weaker sales trends.
November 12
02:12
2018
Sales and hiring increased during the month, while customers expressed uncertainty about future orders due to U.S. tariffs.
October 22
03:42
2018
The seasonally adjusted September FDI (55.8) decelerated in September, “still strong in absolute terms but nonetheless meaningfully lower for the second straight month,” according to R.W. Baird analyst David Manthey.
September 24
18:05
2018
“The overall tone of qualitative commentary was again more cautious this month, with respondents expressing some tariff-related uncertainty, and the potential for a loss of momentum,” writes R.W. Baird analyst David Manthey.
July 16
22:00
2018
After four straight months of decline, the FDI regains its footing amid pricing gains and a stronger outlook for the coming months.
May 29
00:43
2018
Qualitative commentary on market conditions was very positive regarding demand, while steel tariff impacts remain a topic of heavy discussion among respondents.
April 10
13:00
2018
Commentary on market conditions was mixed, with some respondents commenting on the current strong demand environment and others expressing concerns around the recently announced steel tariffs.
