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SOLIConnect Quarterly Updates | Industrial Growth

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Industrial Growth | First Quarter 2016

May 2016 – During the first quarter, returns for the industrials sector in the equity capital markets were positive across the board with all seven subsectors followed by SCA generating a positive return. The metals subsector led the industry with…

Industrial Growth | Fourth Quarter 2015

February 2016 – The fourth quarter did not end well for the industrials sector as many key fundamentals reported sharp declines. Importantly, factory orders (-2.9%), orders for both durable (-5.0%) and non-durable (-0.8%) goods, and core capital goods (-4.3%) all declined due primarily to weakness in…

Industrial Growth | Second Quarter 2015

August 2015 – During much of Q2 2015, the industrial sector has shown sluggish to no growth across several indices as the ISM Manufacturing Index for July came in at 52.7 and well below consensus, and July’s PMI Manufacturing Index was in line with…

Industrial Growth | First Quarter 2015

May 2015 – Through Q1 2015, the industrial sector continues to experience weak performance across several indices, including (i) the PMI Manufacturing Index, which slipped to a new 16-month low; (ii) Industrial Production fell for the fifth straight month; (iii) Capacity Utilization…

Industrial Growth | Fourth Quarter 2014

February 2015 – Consistent with results for Q3 2014, the industrial sector continues to lag broader market indices due to cyclical demand and softening global economic indicators. A review of year-end economic reports suggests some cracks in a U.S. economy that had reported…

Industrial Growth | Third Quarter 2014

November 2014 – The industrial sector is beginning to face some cyclical headwinds as market indicators are sending a range of mixed messages with respect to expansion or contraction. Certainly, to the positive, the latest ISM Report reflects strong growth with a composite index for October of 59.0 vs. consensus of 56.0 and a September mark of 56.6. This matches August’s level and is the strongest since…

Industrial Growth | Second Quarter 2014

August 2014 – This quarter, we provide our insights on the industrial growth market, which is experiencing strong momentum as industrial production, construction and the auto sectors all are expanding. Industrial production increased 0.4% in July, which equaled the pace in June, and capacity utilization reached its highest rate in over four years led primarily by a strong 1.7% increase in production of durable goods. According to manufacturing surveys from the Federal Reserve and industrial publications, manufacturing recoveries appears to be robust in…

Industrial Growth | First Quarter 2014

May 2014 – This quarter, we provide our insights on the industrial growth market, which continues to experience favorable trends despite recent weak results in the somewhat overheated equity capital markets. Economic indicators have improved this spring as the labor markets have shown positive signs with lessening unemployment strains. And, according to the Federal Reserve, banks are seeing stronger loan demand and industrial output, which have shown positive…

Industrial Growth | Fourth Quarter 2013

February 2014 – This quarter, we provide our insights on the industrial growth market, which continues to experience favorable returns and sector activity. Manufacturing activity is reaccelerating as the Institute for Supply Management’s global Purchasing Managers’ Index (PMI) is at its highest level since Q1 2011. High cash balances, moderate commercial and industrial loan volume growth, and…

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