Fastener Distributor Index Up in October
The seasonally adjusted Fastener Distributor Index (FDI) for October was 56.5, up from 49.2 in August.
November 17, 2020
Manufacturing and Trade Shipments Up in September
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for September was up 0.8% from the same month last year.
Will Fear of Wall Street Impact Manufacturer Sales Organizations?
If public companies are saving on T&E, how much of a T&E increase will they be able to justify to Wall Street if it reduces earnings and doesn’t increase sales?
Industrial Production Up 1.1% in October
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month; industrial production was still 5.6% below its pre-pandemic February level.
Ferguson Acquires Two Companies
Plumbing and HVAC distribution giant Ferguson adds Old Dominion Supply Inc. and Atlantic Construction Fabrics Inc. to its portfolio.
Heritage Landscape Supply Group Expands into Kansas
The 11,000-square-foot location for Heritage Landscape brand HLS Outdoor will be led by Jamie Greenstreet, a nine-plus year industry veteran with experience serving in various operational roles.
