7/16/2015 1:17:00 AM
NEWS BRIEFS
Sales, Employment Rise as FDI Expands
The Fastener Distributor Index expanded in June to a seasonally adjusted reading of 52.8, up from 51 in May.
The sales index gained 3.5% to 55.6, while employment increased 13.8% to 61.1.
After falling in May, pricing month-to-month in June rose 10% to 55.6, while year-to-year pricing grew 5.4% to 72.2.
About 44% of distributors reported a “higher” outlook for the next six months, while 39% anticipate the “same” results and 17% predict “lower” returns.
In May, the FDI dipped 1.9%, with the sales index down 15.3% to 53.7, while employment dropped 1.1% to 53.7.
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.
However, starting in July the FDI will be produced in partnership with BB&T Capital Markets, which assisted with the survey in the early months of its existence.
Related Stories:
• FDI Dips in May As Sales Decline
• Fastener Tech Panelists Point Out Industry Trends
Related Links:
• NFDA
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