12/19/2011 10:52:00 AM
NEWS BRIEFS
New Fastener Industry Distributor Index Launched
Fastener distributors will soon have a new tool to help them better understand key industry trends.
The forthcoming Fastener Distributor’s Index (FDI) was introduced recently by Holden Lewis, a market analyst with BB&T Capital Markets, during an episode of Fully Threaded Radio fullythreaded.com.
“As an equity analyst of fastener distribution, I’ve often looked for some basic information about the industry, and what I never find is timely information explaining how the industry, as a whole, is doing,” Lewis said during the podcast.
The new index is being developed jointly with the FCH Sourcing Network, the online
network for industrial fasteners.
The objective of the index is to identify demand, pricing and outlook trends within the U.S. industrial fastener industry. Like the widely used Purchasing Manager’s Index, or PMI, the FDI will use a baseline of 50 to express industry performance and sentiment.
“Not having that type of industry-specific, granular data leaves a business somewhat blind,” Lewis continued. “If you have access to timely information to identify broader trends, you can benchmark against the industry.”
Distributors can participate in a secure, web-based survey at the end of each month. Survey data will be kept confidential and will be compiled at Richmond, VA-based BB&T Capital Markets to produce the monthly index report.
“Our goal is to create value for the industry,” commented Eric Dudas, FCH managing partner. “We spoke to a wide range of owners and managers as we developed this survey, and I think that in combination with Holden’s tremendous analytical talents will make this index a very useful metric for fastener distributors.”
Surveys will begin in January, 2012, and the FDI will be published soon after in Fastener Technology International magazine and on Fully Threaded Radio.
Fastener distributors will soon have a new tool to help them better understand key industry trends.
The forthcoming Fastener Distributor’s Index (FDI) was introduced recently by Holden Lewis, a market analyst with BB&T Capital Markets, during an episode of Fully Threaded Radio.
“As an equity analyst of fastener distribution, I’ve often looked for some basic information about the industry, and what I never find is timely information explaining how the industry, as a whole, is doing,” Lewis said during the podcast.
The new index is being developed jointly with the FCH Sourcing Network, the online network for industrial fasteners.
The objective of the index is to identify demand, pricing and outlook trends within the U.S. industrial fastener industry. Like the widely used Purchasing Manager’s Index, or PMI, the FDI will use a baseline of 50 to express industry performance and sentiment.
“Not having that type of industry-specific, granular data leaves a business somewhat blind,” Lewis continued. “If you have access to timely information to identify broader trends, you can benchmark against the industry.”
Distributors can participate in a secure, web-based survey at the end of each month. Survey data will be kept confidential and will be compiled at Richmond, VA-based BB&T Capital Markets to produce the monthly index report.
“Our goal is to create value for the industry,” commented Eric Dudas, FCH managing partner. “We spoke to a wide range of owners and managers as we developed this survey, and I think that in combination with Holden’s tremendous analytical talents will make this index a very useful metric for fastener distributors.”
Surveys will begin in January, 2012, and the FDI will be published soon after in Fastener Technology International magazine and on Fully Threaded Radio. ©2011 GlobalFastenerNews.com
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