3rd Quarter 2023

Industrials & General Manufacturing Market Update

Capital Advisors

  • U.S. manufacturing has demonstrated continued strength in 2022, building on the momentum it gained emerging from the pandemic, and surpassing expectations from the prior two years.
  • A manufacturing boom finally seems to be gaining traction. Since the beginning of 2022, construction spending on new factories has more than doubled, from an annualized rate of $91BN in January 2022 to $189BN in April 2023.
  • Several positive factors, such as rising global demand, ongoing technological advancements, and increasing investment in automation and digitalization,¬†continue to influence the market, and the outlook for manufacturing remains positive.

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