The adoption of electric vehicles has grown tremendously over the past year and a half. The trend will accelerate as consumer demand, which is being fueled by higher gasoline prices, tax incentives, funding from the Inflation Reduction Act, and the increased desire for environmental sustainability, continues to rise. For commercial real estate, the boost in electric vehicle use will create immense opportunities, as EV charging stations become sought after additions to properties ranging from multifamily dwellings to retail centers. … READ MORE >
Industrials
Canada positioned to thrive in EV landscape—and other takeaways from EV/VE 2022
When it comes to further embracing electric mobility, Canada has significant competitive advantages and immense market opportunities. … READ MORE >
Positive manufacturing jobs data masks broader issue of tech investment
The shortage can only be filled in the future through incorporating more technology alongside workers and replacing hard-to-fill positions that involve repetitive work. … READ MORE >
Manufacturing slows in September as economy edges closer to contraction
The Institute for Supply Management’s purchasing managers’ index for manufacturing activities dipped to 50.9 in September, the lowest level since May 2020. … READ MORE >
Earnings call roundup: Space companies
Space and intelligence companies capitalized on vertical integration efforts and successful launch test phases to remain competitive, according to recent earnings calls … READ MORE >
ISM manufacturing: Sentiment points to modest increase in growth
Manufacturing sentiment in August pointed toward a modest acceleration in growth inside the ISM manufacturing survey, even as the headline number stayed flat at 52.8 compared to July. … READ MORE >
RSM US Manufacturing Outlook Index: Decline in new orders leads a slowdown
The RSM US Manufacturing Outlook Index indicates a slowing manufacturing sector. … READ MORE >
Earnings call roundup: Defense technology
Defense technology executives discussed supply chain and labor challenges recently during their second-quarter earnings calls. … READ MORE >
Core capital goods investments grow while pending home sales fall
Although the top-line durable goods orders number remained flat on the month in July, core capital goods orders increased by 0.4%, beating estimates. In a separate report, pending home sales fell by 1% in July. … READ MORE >
Industrial production rose in July, tempering recession fears despite housing starts drop
Even alongside the decline in housing starts, this industrial data shows that recession fears may have been overblown after the economy contracted for two consecutive quarters in the first half of 2022. … READ MORE >