Whenever a major industrial player like Emerson Electric Co. (NYSE: EMR ) gives results the market should sit up and take notice. In this instance, the results and the narrative around them suggest an ongoing, but fragile, economic recovery. Emerson's underlying performance was better than the headline numbers suggested, and there was some good news within the report for companies like Rockwell Automation (NYSE: ROK ) and Cognex Corporation (NASDAQ: CGNX ) . With that said, what should Fools be looking for in the global economy that might benefit Emerson going forward?
Emerson Electric's second-quarter results
Emerson's headline numbers weren't great with sales falling 2% in the quarter, and earnings before interest and taxes also declining 2%. A quick look at a segmental breakdown of Emerson's revenue and earnings growth reveals the trend in the quarter.
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