Financial PerformanceLinde's organic volumes and prices tend to closely correlate with macro indicators, and in 1Q24 both volumes and realized prices came in weaker than expected, offset by productivity.
Industrial DemandThe peak in global LEIs, soft PMIs, peer anecdotes, and extended customer summer shutdowns all suggest industrial demand remain soft into year-end.
Macro EnvironmentLinde continues to face a tough macro backdrop in China amid weak consumer sentiment and issues in the property market, and globally industrial demand remains sluggish.