Total industrial production increased 1% in July, following declines in the previous two months. Moreover, manufacturing output also saw a rise of 0.5%, driven by a notable 5.2% increase in motor vehicles and parts production, while other factory output saw a slight 0.1% rise.
Considering the rosy prospects of the industry, I think investors could consider buying quality industrial stocks Holcim Ltd (HCMLY), Heidelberg Materials AG (HDELY), CEMEX, S.A.B. de C.V. (CX), GMS Inc. (GMS), and Griffon Corporation (GFF) today. These stocks are rated an A, which translates to a Strong Buy in our proprietary rating system, POWR Ratings.
