Recession? Here’s why top industrial CEOs are super bullish on the economy

What U.S. recession?

The industrial economy is on solid footing and activity is expected to pick up later this year, top CEOs in the space exclusively told Yahoo Finance at the Goldman Sachs Industrial and Materials conference this week.

“Super bullish,” Goldman Sachs analyst Joe Ritchie told Yahoo Finance when asked to sum up the vibe at the two-day event in New York City. “We are at the start of a very significant infrastructure build in the U.S. Some might call it a U.S. manufacturing renaissance.”

Several big catalysts are on the horizon for the industrials patch, people at the event told Yahoo! Finance.

The first is unprecedented investment by the government in the form of the new Inflation Reduction Act (IRA). And the other are re-shoring initiatives — notably the Chips and Science Act — that are targeted to boost domestic output by strengthening the labor market.

These factors appear to already be driving a rebound in the fortunes of industrials in the second…

Continue Reading →

This article was written by and originally published on