6/23/2015 12:52:00 AM
NEWS BRIEFS
FDI Dips in May As Sales Decline
The Fastener Distributor Index remained above the 50 baseline point in May, dipping slightly to a seasonally adjusted reading of 51, down from 52.1 in April.
The sales index dropped 15.3% to 53.7, while employment edged down 1.1% to 53.7.
After rising in April, pricing month-to-month in May declined 4.8% to 50, while year-to-year pricing fell 14.8% 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.
In April, the FDI grew 3.8%, with the sales index up 15.3% to 69, while employment gained 1.1% to 54.8.
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.
Related Stories:
• McIlhon, Strandquist Lead NFDA for 2015-16
• U.S. Fastener Activity Retreats in April
• Sales, Employment Rise as FDI Expands
Related Links:
• NFDA
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