
Despite widespread market headwinds, total industrial production in August increased 3.7% year-over-year. Moreover, the $1 trillion infrastructure bill is expected to drive significant growth in the industrial and manufacturing goods and services industry as the White House is ramping up efforts.
In addition, on September 15, 2022, the Biden-Harris Administration allotted $1.50 billion from the Infrastructure for Rebuilding America (INFRA) competitive grant program for highway, multimodal freight, and rail projects.