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The seasonally adjusted Fastener Distributor Index (FDI) for February was 66.1, up from 57.7 in January.
Fastenal’s reported daily sales for the month also were up 1.5% versus a year as its sales mix continues to return to normal.
Building materials distributor BlueLinx Holdings also reported that fourth-quarter sales improved 41% to $865 million from the year-ago quarter.
Bill Rummell and AJ Lacey have been promoted to regional sales managers, and Sherrie Bloom has been promoted to associate director of marketing.Â
Electrical distributor names Wendy Buchholz to key role responsible for growing business in Upstate New York with an emphasis on sustainable solutions.Â
Construction spending for the first month of 2021 was also up 1.7% from the previous month of December 2020.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in January.
The February PMI registered 60.8%, up 2.1% from the January reading of 58.7% and marking a ninth consecutive month of expansion.
Association also reports that the average annual sales growth for the 12 months through January 2021 for HARDI distributors is 4.8%.
Building materials distributor Huttig Building Products Inc. reported fourth-quarter sales of $184.6 million, a 2.3% increase over the prior-year period.
