Industrials Down Amid Mixed Global Economic Reports -- Industrials Roundup

Shares of industrial and transportation companies fell amid mixed economic prospects.

China's outbound shipments rose 26% in August from a year earlier, higher than the 19% increase in July, according to the General Administration of Customs, reflecting higher demand in the U.S. and the European Union.

In another good sign for global trade, German industrial production increased 1% in July, beating forecasts despite widespread supply shortages, according to statistics office Destatis.

But recent data from the U.S. suggests slowing consumer spending and private-sector hiring could slow the economic recovery, The Wall Street Journal reported.

Investment firm Blackstone Group agreed to buy the Chamberlain Group in a deal that values the family-owned maker of LiftMaster garage-door openers at about $5 billion including debt.

Toyota Motor said it would spend $9 billion over the next decade to build factories for electric-car batteries as it gears up to sell two million electric cars annually by the end of the decade.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

09-07-21 1638ET