The manufacturing industry is being impacted significantly by macroeconomic issues. The industry relies heavily on raw materials and labor, which are in short supply. Manufacturing output, on the other hand, increased by 0.1% in February, while capacity utilization remained stable at 78%.
However, given the industry’s solid growth prospects thanks to government initiatives and technological advancements, we think it could be wise to add quality manufacturing stocks Mueller Industries, Inc. (MLI) and Vishay Precision Group, Inc. (VPG) to your portfolio this year.
