One Area of the Industrial Economy Is Doing Great: Robots
Industrial production peaked in late 2017 and industrial stocks are flat over the past year. The U.S.-China trade war along with slowing global economic activity are causing industrial investors to sweat. But one area of the industrial economy is still growing like gangbusters: robots.
Robotic automation is penetrating new processes in different industries, such as logistics and health care, so the outlook for robots continues to be bright, even as the economy slows. That’s good news for Teradyne(ticker: TER) as well as a handful of companies that manufacture robotic automation equipment.
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