9/10/2013
FDI Survey: Distributors Remain ‘Sluggish’
Sources: BB&T Capital Markets’ estimates, FCH Sourcing Network, Institute for Supply Management
At 50.8 BB&T’s August 2013 Fastener Distributors Index remained in the pattern of coming in at about 50.
“At this point, the NorAm fastener market is in ‘wait-&-see’ mode,” BB&T observed.
“The overall character of demand in August – sluggish growth – seems unaltered from where it has been mired for most of 2013. The real question is why things remain so slow when the PMI is surging. Maybe the FDI will follow the PMI as we enter Q4’13.”
The FDI is a joint production of BB&T Capital Markets and the FCH Sourcing Network. ©2013 GlobalFastenerNews.com
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