The seasonally adjusted Fastener Distributor Index (FDI) eased to 63.3 in October (vs. September 66.6), though the dip reflects a less favorable seasonal adjustment factor rather than softer conditions. On an unadjusted basis, the FDI rose to 64.2 (from 63), its strongest unadjusted reading since March 2021.

The seasonally adjusted reading marks an 18th consecutive month in expansionary territory and an eighth consecutive reading above 55, with breadth remaining strong as 63% of respondents reported above-seasonal sales.

This month’s Forward-Looking Indicator (FLI) held near its multi-year high at 63.3 (63.6 last month), supported by a markedly stronger six-month outlook (63% of respondents now expect higher activity). Respondent commentary was again largely upbeat, with participants citing record bookings, key account growth, and new business roll outs, though fuel/freight costs remain irritants.

Read the full report here.