5 Stocks to Buy on a Steady Rebound in Manufacturing Activity
AptarGroup(ATR) ZACKS·2024-06-28 21:25
The U.S. manufacturing sector is finally showing signs of recovery after months of struggle that saw demand slowing due to inflationary pressures and higher borrowing costs. However, with inflation finally showing signs of cooling, demand is rebounding.The U.S. Census Bureau reported that orders for U.S. manufactured capital goods, made to last more than three years, rose 0.1% in May, higher than the consensus estimate of a decline of 0.1%.Although the rise was lower than April’s jump of 0.6%, the positive ...