Industrial Growth | First Quarter 2017

May 2017 – During the first quarter, returns for the industrials sector in the equity capital markets continued to rapidly expand with the majority of the subsectors followed by SCA generating positive returns after the much-anticipated Presidential election. The Analytical Instrumentation & Testing Equipment subsector led the industry with a quarterly return of +14.1%, compared with the S&P 500 quarterly return of +5.5%. Other industry subsectors with notable positive quarterly growth include Electronics & Components +7.7%, and Chemicals +7.4%. M&A activity for the quarter slightly increased compared to Q4 2016 with 258 transactions announced versus 220 deals last quarter; deal value lagged at $14.6 billion compared to $18.1 billion last quarter.

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