Indalex, which is the second-largest aluminium extruder in the US, reported a 3.2% year-on-year rise in shipments of extruded products in the third quarter of this year.
That's sharply lower than the 16.2% volume growth reported in the second quarter and from the 11.9% reported in the first quarter. The company was able to report strong demand from its core construction and transport markets for both periods but both sectors of the US economy are now leading the overall slowdown.
"It was a good quarter in a slowing market", is how Timothy R.J. Stubbs, President and Chief Executive Officer, summed up the performance in Q3 of this year.
Nor did he seem to hold out a lot of optimism for any imminent pick-up, noting that "with a soft market outlook" the company's priority would be on productivity and margins.
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