Poor Near Term Outlook For All End Markets
A poor near-term outlook is expected for Xylem’s (XYL) all four end markets, namely Utilities, Industrial, Commercial, and Residential. The Utilities end market is being affected by tough competition and project timing effects. The Industrial end market is showing a slower than expected growth in North America, China, Europe and Latin America, with Oil & Gas and mining markets also expected to decline in the second half of 2019 and onward. The Commercial end market is also expected to slow down; while the Residential end