ABB faces growth slowdown in automation sector

ABB and other companies in the automation and electrification sectors are experiencing a slowdown. Weakness in process markets and industrial automation has led to lower order, revenue, and profit growth expectations. As a result, many leading firms in this industry are pausing their growth strategies. This marks a shift from previous periods of expansion and optimism in these sectors. The current situation reflects broader challenges in the market, impacting the outlook for these companies.