Manufacturing

The manufacturing sector is shrinking, according to a report. But that doesn’t account for people’s spending or the tight labor market.

The automaker's CEO says it won't invest in hybrids, but instead focus on batteries, a new vehicle platform and charging infrastructure.

Higher borrowing costs are one factor holding back the manufacturing sector.

Lisa Goldenberg, president of Delaware Steel Co., believes the labor shortage could be a long-term issue.

In 2022, over two-thirds of Greenbar Distillery's sales were in the non-alcoholic market. For owners Litty Mathew and Melkon Khosrovian, that means that non-alcoholic drinks are going to be part of their future.

Monthly data from the Federal Reserve shows a slowdown in shipments, new orders and employment in the sector.

The tight job market means it's been years since Matt Gehman has hired new qualified employees at MMG Industrial and Metal Locking Service.

Semiconductor production positions pay about $100,000 on average, and schools are rushing to offer training so people can qualify.

Gas rationing by the Berlin government this winter could hit the German chemical industry and dent the global economy.

Businesses are scaling back their expectations for 2023 accordingly.