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Quarter-End Insights

Our Outlook for Industrials Stocks

Slowing global industrial activity presents compelling long-term investment opportunities among a handful of companies.

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  • Macro industrial indicators turned downward in the second quarter, as purchasing managers' surveys across the U.S., China, and Europe all posted metrics below the key growth level of 50.
  • U.S. industrial production grew at a slightly higher year-over-year rate in May versus April, but output remained slow compared with recent quarters.
  • Gains in housing and automotive continue to lead the sector, and while nonresidential construction is taking a pause, we expect further gains as the year progresses.


Adam Fleck does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.