Industrial manufacturing made a strong comeback after the pandemic, demonstrating continued strength last year. The headwinds of high inflation, supply chain disruptions, and interest rate hikes have put industrial manufacturing under pressure. The U.S. industrial production was flat in February while manufacturing output rose 0.1% year-over-year.
Industrial production is expected to get a boost from favorable government policies. To that end, it could be wise for investors to consider buying industrial stocks Allison Transmission Holdings, Inc. (ALSN) and Apogee Enterprises, Inc. (APOG). These stocks have a Strong Buy rating in our POWR Ratings system.
