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.
Allow us to introduce ourselves
Contact us today and we will be happy to provide more information about Addicus and schedule an introductory meeting.