
Despite macroeconomic challenges, the industrial sector remained stable as a result of consistent demand. Therefore, it could be wise to own fundamentally strong industrial stocks Thermon Group Holdings, Inc. (THR), The Weir Group PLC (WEGRY) and ITT Inc. (ITT).
Industrial production increased by 0.3% in September 2023. Moreover, the Industrial Production Index came in at 103.6 in the United States, and a value of over 100 shows positive production performance.