Exploration activity has been up and down this year.
Wall Street Pump and Valve Industry Watch
The employment index fell back into contraction territory.
Amid concerns about slower growth for the global economy, the Export Orders Index slipped into contraction territory.
Government spending declined for a third straight quarter.
Major stock indexes have fallen in the last year.
Customer inventories had its largest decline in six months.
The Jordan, Knauff & Company (JKC) Valve Stock Index was up 7.3% over the last 12 months, and the broader S&P 500 index was up 12.7%.
Some key inputs used in manufacturing semiconductors come out of Russia and Ukraine.
Economic growth was robust throughout 2021 as vaccinations increased and stay-in-place behaviors began to abate.