Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.00 | +0.00 | -0.17 | -0.05 | -0.15 | +0.05 | -0.05 | -0.15 | -0.10 | -0.05 | +0.00 | +0.05 |
Industrial sector sentiment is neutral this month despite the FAA grounding all Boeing 737 MAX jets following two fatal crashes, which severely dented aerospace confidence and delivery timelines. The broader industrial base, however, remains supported by steady demand in machinery, automation, and defense contracting, buffering the negative impact of the aerospace setback. Overall, the sector absorbs the shock without a broad downturn, reflecting resilience across sub-industries.
How this mood is scored ▾
The FAA grounded all Boeing 737 MAX aircraft following similarities between two deadly crashes involving Ethiopian Airlines and Lion Air, which killed 346 people. The decision impacts U.S. carriers like American, United, and Southwest, shakes investor confidence, and precedes Boeing's planned software fix, affecting global aviation safety perceptions and Boeing's market value.
On June 9, 2019, United Technologies and Raytheon announced an all-stock merger of equals to form Raytheon Technologies, valued around $120 billion with roughly $74 billion in annual sales, second only to Boeing. UTC shareholders would own about 57% and Raytheon shareholders 43%, and the deal was contingent on UTC first spinning off Otis and Carrier. It was the sector's biggest merger ever, pairing Pratt & Whitney engines and Collins avionics with Raytheon's missiles and radars.