Jefferies
June 28, 2026
The Industrials Sunday Section
Weekly UpdateEquitiesMacro Economic IndicatorsIndustrialsEnergy
The report highlights intensifying cost pressures across industrial sectors as CFOs and manufacturers struggle to pass on inflation to customers. Economic indicators show a cooling trend, including contraction in architecture billings and softened outlooks in the energy sector.
Key Takeaways
- 1.Energy sector activity expanded in Q2 2026, but future capital expenditure expectations have softened significantly.
- 2.CFOs report intensifying cost pressures with limited pricing power, leading to a slightly more cautious economic outlook.
- 3.The Architecture Billings Index contracted in May due to geopolitical uncertainty, higher energy/material costs, and interest rate pressure.
Table of Contents
- Energy Survey
- CFO Survey
- ABI
- New home sales
- Cutting Tools
- WSJ Vistage Small Business CEO Survey
- Research Library
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Stephen VolkmannChirag PatelJames KoAlex Dwyer
Securities
CAT
Themes
Industrial Capex CautionInflationary Cost Pressure
Regions
EuropeUnited StatesGermany