4/8/2015 12:01:00 AM
NEWS BRIEFS
FDI Shows Sales and Workforce Gains in March
The Fastener Distributor Index grew 4.6% in March to 51.9. Seasonally adjusted, the FDI declined slightly to 50.2.
The sales index increased 19.3% to 53.7, while employment gained 7.4% to 53.7.
Pricing month-to-month declined 11.8% to 50, while year-to-year pricing increased 2.3% to 68.5.
About 44% of distributors reported a “higher” outlook for the next six months, while 37% anticipate the “same” results and 19% predict “lower” returns.
The FDI and Pricing are diffusion indexes based on data supplied by FCH Sourcing Network.
The monthly FDI is a joint production of FCH Sourcing Network and the National Fastener Distributors Association.
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