Manufacturing

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.

Manufacturers are producing more goods with fewer workers, given the tight labor market. But the sector has been hiring more in recent months.

Semiconductor makers seek locations with plenty of space, water, electricity and workers. First, they need megabucks for construction.