Industrials had a turbulent year with widely differing outcomes for the subsectors. Automotive took a massive hit initially from Trump tariffs but has recently stabilised. Aerospace and Defence sharply outperformed with the build-up of military spending. Investors continued to buy the higher quality and tech heavy manufacturers in Sensors and Measurements and Electronic Components. Looking forward, market consensus forecasts for 2026 have been adjusted down throughout this year, with concerns ab ....