The macroeconomic issues are having a significant impact on the manufacturing industry. The industry is strongly dependent on raw materials, which are subject to global market volatility and are in short supply due to labor and transportation shortages. However, manufacturing output increased by 0.1% in February, while capacity utilization remained steady at 78%.
Given the long-term prospects of the industry, it could be wise for investors to buy manufacturing stocks The Timken Company (TKR), Vishay Precision Group, Inc. (VPG), and Core Molding Technologies, Inc. (CMT), considering their fundamental strength.
