The Sector Beat: Industrials – Q1’24
As we noted heading into earnings season, investor optimism, including that captured in our Industrial Sentiment Survey®, is seemingly outpacing corporate reality at this time, but executive commentary suggests increasing hope and optimism around normalization and back-half acceleration. Flagging headwinds are hampering straight-line momentum and the U.S. Presidential Election is more and more cited as curtail capex confidence, especially large, long-cycle projects. Year-over-year, the tone is improved.
April 26, 2024
