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 a strong prior quarter. Specifically, Real GDP of +2.6%, while positive disappointed the market as many had expected +3% growth coming off the very strong +5.0% in Q3. This deceleration was predominantly led by growth in imports, drops in federal spending and slowing in nonresidential investment.

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