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Technology Manufacturing Leads the Innovation Pack

January 09, 2020 / IndustryWeek
SHARESHARESHARE

Technology manufacturing and service sectors are regaining dominance among the most innovative companies in the US and globally, according to an annual re-benchmarking of The Conference Board Innovation α Index for the United States and for the global economy. In the fourth quarter of 2019, the Conference Board saw an improvement in its market returns performance – to 7%, up from 1.6% in the third quarter. The prospect of a phase one trade deal between the US and China has helped the financial performance of the most exposed companies, especially in technology and manufacturing. In addition, a relatively well-performing US economy, fueled by consumer spending, a strong housing market, and significant investment in intellectual property, has supported the stock performance of innovative companies.