3M sees China sales to soften in second half of year

Asked if there was anything on the geographic basis that’s worth calling out while speaking at Morgan Stanley’s Laguna Conference, executives from MMM stated, according to a transcript of the event: “You know, China for us has been been a pretty good market last year in 2024. We were up high single digits in the front half of the year, up mid-single digits. We expect that to soften in the back half. Q3 so far has been been in line with the first half, so a little bit better. But we still expect that that’s going to soften. Europe is a soft market. We thought it would accelerate a little bit in the back half, but it’s still pretty soft. U.S. is going to accelerate a little bit from the front half of the year. You know, the rest is sort of in the rounding. But the thing to point out, I think China has has been a little bit more resilient for us so far quarter to date.”