The Fed’s six interest rate hikes this year slowed down industrial production in October. The overall industrial production dipped 0.1% in October after edging up 0.1% in September. However, total industrial production rose 3.3% year-over-year in the same month.
The Bipartisan Infrastructure Law is expected to bolster the demand for companies in this space through industrial development projects in the country. So far, 2,800 bridge repair and replacement projects have been announced under the infrastructure bill.
