Fastener Distributor Index Slips in April on Supply Chain Constraints

The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
FDI January 2022

The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management.

Dave Manthey of Baird said the moderation was “due to supply chain constraints that inhibited growth,” adding that the conditions favor Fastenal.

“We think this sets up well for FAST, which has much deeper/broader supply chains and is currently seeing only modest supply shortages,” he said. “We also view GWW’s [Grainger’s] strong U.S. non-pandemic April sales growth as a positive read-through to FAST.”

The Forward-Looking Indicator (FLI) also moderated to 76.7, but it “continues to signal expansionary demand conditions in the months ahead. Net, supply and freight remain bigger issues than demand in the fastener industry currently.”

Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access