While the economists that IEWC consults with expect business-cycle decline through much of the industrial sector in 2019, certain markets will likely trend positively. US civilian aircraft equipment production and US medical equipment and supplies production, which have contracted in recent quarters, are recovering and are likely to expand in 2019. Nonresidential construction, which typically lags the industrial economy, will likely also grow throughout this year. Although the macroeconomic business cycle is turning downward, firms in the civilian aircraft equipment, medical equipment, and nonresidential construction sectors should lead with optimism and invest with the expectation of growth in 2019.

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