
Amid consecutive federal rate hikes, U.S. industrial production declined in October. However, manufacturing output increased marginally. On top of it, real gross domestic product (GDP) increased at an annual rate of 2.9% in the third quarter of 2022
Moreover, the Bipartisan Infrastructure Law is expected to fortify industrial development in the country. To date, 2,800 bridge repair and replacement projects have been announced under the infrastructure bill.