Manufacturing & The Economy
An increase in multiple manufacturing sectors as well as favorable lending rates will contribute to industrial building construction growth over the next five years, says a new report from IBISWorld. Interest rates are also set to rise starting in 2013, thereby increasing the cost of new industrial development. Additionally, outsourcing basic manufacturing to countries with lower wages will become an increasing threat and hinder investment in domestic manufacturing structures. As a result, industry revenue is expected to grow moderately.