November 2015 – • The industrial sector remains in a choppy market relative to other market sectors. Key fundamentals remain broadly weak as Q3 U.S. real GDP…

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…

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…

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…

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…