Despite continued supply chain disruption, October’s seasonally adjusted Fastener Distributor Index improved to 56.1, reflecting slightly better selling momentum and employment levels, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management.
The FDI increased from 54.2 in September.
FDI key themes from October include elevated freight costs, shipping congestion and raw material/semiconductor chip shortages, although demand commentary was “again generally favorable,” according to the analysis.
“October market conditions strengthened but respondents cast a cautiously optimistic forward view in light of continued supply chain/labor constraints,” the analysis states.
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