What’s Driving Honeywell’s Industrial Sales?

Both residential and non-residential construction activity have been growing in the U.S. We believe that the trend is likely to continue driving growth in sales of Honeywell’s safety and security, and sensing and control products. The Architecture Billings Index, a leading indicator for non-residential construction activity in the U.S., was in positive territory for the ninth consecutive month in December at 52.2, before declining to 49.9 in January, just below normal levels. However, new design contracts and project inquiries remained strong in January, indicating that non-residential construction activity in the U.S. is likely to continue its momentum, fueling the demand for safety and security, and sensing and control products.