ABB Ltd. said the first signs of order growth in two years are not enough to call a turnaround as dwindling demand from the oil-and-gas industry and an increasingly uncertain political situation weigh on the outlook.
Quarterly orders rose for the first time since the first three months of 2015, increasing 3 percent from a year ago, the Swiss maker of industrial robots and power systems said in a statement. Yet momentum "isn't that strong yet," Chief Executive Officer Ulrich Spiesshofer said on a call with journalists on Wednesday.
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