The industrial pipe, valves and fittings industry is applying the brakes when it comes to talk about the near future. While companies in that patch continue to report positive returns, industry insiders are predicting varying degrees of slowdown ahead.
“We anticipate the market will be slower for the next six months,” Wolseley Industrial Group Vice President Rob Braig says. “The good news is we still anticipate the PVF market to grow at a low-to-mid-single-digit growth rate the following year. Our expectation is for a soft landing rather than a recession.”