
After rebounding strongly post the pandemic, industrial production declined 0.5% in June for the second consecutive month, while manufacturing output fell 0.3%. Despite the slowdown, the rise of Industry 4.0 and smart manufacturing, the demand for precision machinery, and the government’s push to boost infrastructure development are all expected to drive the demand for industrial machinery.
Therefore, it could be wise to invest in fundamentally strong industrial stocks Vontier Corporation (VNT), Belden Inc. (BDC), and LSI Industries Inc. (LYTS).