After a few years of really slogging it out, it seems that the U.S. economy may have finally righted itself. Since the depths of the Great Recession, the United States has been battling it out between stagnating economic growth and high unemployment.
However, it seems that things are finally moving in the right direction.
U.S. employment numbers continue to make gains as businesses have been adding new jobs. Unemployment now sits at just 6.7%. Meanwhile, manufacturing surveys are reporting strong output and business investment appears strong. For all of 2013, industrial production managed to grow by 3.7%, rising 0.9%, while manufacturer’s capacity utilization rates finished the year up at 79.2%. All in all, it seems like the U.S. economy could be finally on the cusp of breaking out of its doldrums.
All of this recent bullish data continues to support the industrials and durable goods stocks. For investors, the sector could offer strong dividends and outperformance in the months ahead as companies remain confident about the U.S. economy.
Here are five of the best ways to play industrial sector.