According to a Stockholm International Peace Research Institute report, U.S. generates more foreign sales of weapons systems than any other nation on the planet, with aircrafts among the country’s quickest-growing military exports.
Additionally, the auto industry remains another key component of the industrials sector. While sales have been off to a slow start this year due to the bad weather conditions in the early months, sales are rising due to improved economic conditions, low rates and cheap gas, RubberNews reports. According to the National Automobile Dealers Association, U.S. new vehicle sales are expected to grow to 16.9 million in 2015 from 16.4 million this year. [November’s Best Sector ETFs]
Industrial Select Sector SPDR
For more information on the industrials sector, visit our industrials category.
Max Chen contributed to this article.