The new earnings season got its symbolic start when Alcoa released its results after the market closed on Tuesday. As ever, investors will want to know what its outlook says for the global economy. Alcoa management always gives good industry-specific guidance, as the aluminum producer has a privileged viewpoint on early stage order patterns in long-cycle industries. In this article, I will focus on the aerospace and automotive sectors, the strongest parts of the industrial economy over the last year.
Alcoa updates its industry outlook
A graphic depiction of Alcoa's end demand forecast for 2014 versus 2013 reveals much about trends in the global economy. The green coloring refers to areas in which Alcoa raised guidance from its previous quarter.
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