Brooke Sutherland, Columnist

Industrial CEOs Add Wrinkle to Gloomy Data

The leaders of big manufacturing companies offer their perspectives from earnings season on the trajectory of the economy. 

More than $70 billion worth of North American projects have been announced in the electric vehicle and battery supply chain.

Photographer: Houston Cofield/Bloomberg 

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US factory activity contracted for the ninth consecutive month in July, according to data released Tuesday by the Institute for Supply Management. But so far this earnings season, more than three-quarters of S&P 500 industrial companies have beaten analysts’ earnings estimates, and about two-thirds have surpassed sales expectations.