![\"\"](\"https://content.ibisworld.com/media/h2ih1h42/monetarypolicychart1.png?rmode=max&width=720\")
Monetary policy is not just a guiding star for the average business or individual consumer; it also plays an integral role in shaping industry performance. The recent quarter-point rate cut instituted by the Federal Reserve in September 2025 signals a monetary policy pivot away from the hawkish Fed stance aimed at quelling elevated inflation. As a government body, the Federal Reserve does not directly impact industry performance, nor does it determine downstream fiscal policy like corporate tax rates or individual tax brackets.
\n\n
However, the Fed is a central player in crafting national policy, namely setting national interest rates and participating in Treasury buybacks, which are done to stabilize the economy in times of recessionary fears. Swings in interest rates or Treasury buybacks have a consequential impact on national borrowing costs and investment appetite for businesses and consumers alike. While evolving monetary policy is influential on a national scale, its impact can be felt not just via changing prices, but also at the industry level.
\n\n
Monetary policy governs the nation’s money supply through three primary tools: interest rate adjustments, open market operations and balance sheet management. Together, these mechanisms allow the Fed to fine-tune liquidity and credit conditions in response to shifting macroeconomic pressures.
\n\n
The federal funds rate, the overnight lending rate between banks, serves as the Fed’s primary lever for influencing borrowing costs. Set by the Federal Open Market Committee (FOMC), changes in this rate ripple through financial markets, affecting everything from corporate lending and consumer credit to capital investment cycles.
\n\n
Through open market operations, the Fed buys or sells government securities such as Treasury bills and mortgage-backed assets to manage liquidity. Bond purchases inject reserves into the banking system, encouraging lending, while sales withdraw liquidity to cool inflationary pressure.
\n\n
In more extreme conditions, the Fed turns to quantitative easing or tightening, which involves large-scale asset purchases or sales to steer long-term interest rates and stimulate or constrain growth. The 2020 pandemic-era easing program exemplified this approach, as hundreds of billions in Treasury and MBS purchases stabilized financial markets.
\n\n
Across these channels, policy shifts directly influence financing costs, credit availability and investment appetite. The effects cascade unevenly across sectors, with banking and real estate responding first through lending activity, while capital-intensive industries like manufacturing and construction adjust later through investment and hiring.
\n\n
When the Fed manipulates these policies, they have tangible effects on core macroeconomic factors. Higher interest rates and lower bond purchasing activity result in lower borrowing demand among consumers and tighter lending capabilities among banks. When rates are lowered and bond purchases accelerate, it generates higher consumer spending demand with the aim of bolstering economic growth. The Fed’s September 2025 rate cut exemplifies its efforts to bolster national GDP, with 2025 projections from the Board of Governors signaling that real GDP could inch upward to 1.8% by 2027.
\n\n
![\"\"](\"https://content.ibisworld.com/media/0slpvgws/monetarypolicychart2.png?rmode=max&width=720\")
Wages, employment and investment activity are also affected by the Fed’s decision-making process. When rates are high, it becomes more difficult to borrow money, causing slower hiring among employers and reducing wage growth capability. Similarly, investors will struggle to pursue new expansion and innovation opportunities, as the higher cost of money will foster a more conservative approach to investment aimed at steady rates of return. The national effect of these policies not only harms the individual but also plays a significant role in how industries respond to monetary policy shifts and their performance in the national market.
\n\n
Although monetary policy is directly led by the Federal Reserve, it also receives indirect influence via political avenues. Traditionally, the Fed acts as an independent organ within Washington DC and makes policy decisions without political bias or input. However, amid the current political backdrop, Fed independence has been tested in the policy arena.
\n\n
President Trump’s push to drastically cut interest rates came at odds with Fed chair Jerome Powell’s stance on maintaining the same funds rate in July 2025, with the White House threatening to fire the chair in response to this policy disagreement. Additional internal disagreement mired the Fed when the Trump Administration’s temporary Board of Governors replacement, Stephen Miran, dissented on the quarter point rate cut in favor of a half-point rate cut, highlighting the growing influence of external political forces in crafting favorable monetary policies.
\n\n
![\"\"](\"https://content.ibisworld.com/media/o43iprht/shutterstock_2681189997.jpg?rmode=max&width=720\")
Despite the growing political pressures and policy disagreements, the collective monetary policy debate remains focused on upholding the Fed’s dual mandate of full employment and 2.0% inflation. While political narratives regarding inflation fears and prioritizing GDP expansion have grown in influencing Fed perception, the broader goal of the agency remains undeterred. Maintaining a stable labor market and meeting the 2.0% annual inflation benchmark are the main points of emphasis at any FOMC meeting or bond purchase decision.
\n\n
Monetary policy shifts create uneven effects across the economy, with some industries responding more sharply to rate changes and liquidity adjustments than others. The sectors most sensitive to Fed action reflect how credit conditions, borrowing costs and investment cycles translate into real economic outcomes. Expansionary policy can unlock lending and stimulate capital spending, while tightening phases often expose leverage and slow project pipelines.
\n\n
Changes in monetary policy have the most direct impact on commercial banking operations. Since their main revenue drivers come from holding consumer deposits and issuing loans to commercial clients, any changes in federal funds rates or liquidity in the Treasury markets will have a direct impact on commercial banks’ ability to loan money. Rising rates lead to higher borrowing costs for commercial and individual loans, while greater open market operations strengthen banking reserves and encourage banks to lend more capital. Commercial banks can benefit during higher interest rate periods, as it may encourage retail customers to park their money into secure investment vehicles, such as certificates of deposit (CDs), if rates exceed inflation growth.
\n\n
If current monetary trends of more rate cuts and lower open market operations continue, it could encourage commercial banks to pursue greater lending volumes. Commercial banks’ aggregate loan and lease volumes reached $13.1 trillion in June 2025, a 2.1% boost compared to last year.
\n\n
Changes in monetary policy play a significant role directly and indirectly within the apartment construction space. When construction companies partake in a new apartment or condominium project, they lease equipment and require financing to complete the project on time and within a budget. Interest rate fluctuations could impact the cost of loans or equipment, causing construction companies to change their investment tactics or downsize their apartment scope. Higher open market operations, which generate greater bank liquidity, make it easier to borrow money and invest capital beyond one regional project.
\n\n
![\"\"](\"https://content.ibisworld.com/media/zcokewgt/shutterstock_2420390731.jpg?rmode=max&width=720\")
Condominium construction is also indirectly influenced by shifts in bond purchases, as it can impact the cost of new loans. Monetary policy changes are especially relevant in the current economic climate, as new tariffs on imported goods may make it more difficult to procure foreign goods for smaller construction companies and drastically change new construction costs.
\n\n
If current monetary trends persist, incumbent construction companies will have to remain wary of developments in interest rate policy. Any sudden rate hike can cause unsustainable financing costs for existing projects, which could reduce project sizes. Larger construction companies will also look to automate their labor force to control operational expenses.
\n\n
Changes in monetary policy have significant effects on manufacturers due to their usage of capital for new machinery, labor and production facilities. Interest rates are the main driver of direct change in industry performance, as higher borrowing costs for loans impact manufacturers’ ability to finance new product development. Capital equipment is integral to any manufacturing industry’s success, so if monetary policy pivots to tightening lending conditions, it could dampen investment levels and force manufacturers to cut down on new products.
\n\n
If current monetary trends persist, manufacturers face a positive outlook. As rates keep falling, manufacturers will have greater leverage to pursue new projects. However, they must remain wary, with new tariffs changing the cost landscape of input materials from abroad. If inflation begins to rise again, the Fed may reverse course and raise rates, while also slowing down bond purchases to cut down on money supply within the system.
","TimeToRead":8,"FinalWord":null,"KeyTakeaways":null,"DatePublished":"2025-10-14T00:00:00Z","DatePublishedTimestamp":0,"DateFormatted":"October 14, 2025","UrlSlug":"/us-monetary-policy/","SeoTitle":"Constant Interest: How Monetary Policy Shapes US Industries","SeoDescription":"The Fed doesn’t just move markets. Its policies reshape industries and reveal which sectors will thrive or tighten under new rates.","SeoImageUrl":"/media/cozh5p0k/socialmedia-logo.png","Tags":["Interest Rates","Monetary Policy","Federal Reserve","Growth Industries","Macro Trends","Macroeconomic","Banking","Apartment Construction","Manufacturing"],"Sectors":null,"Toc":null,"Culture":"en","IsFeatured":false,"IsHidden":false},"Item2": {"Id":7739,"Key":"93498610-6daf-4617-ba0d-9a2bbb12f93b","Title":"Constant Interest: How Monetary Policy Shapes US Industries","Country":"United States","CountryId":1,"AuthorId":6723,"AuthorName":"Alexander Govdysh","AuthorTitle":"Industry Analyst","AuthorPhoto":"/media/qgebhosf/headshot-copy-ag-1-2.png","AuthorBio":"Alexander is an Industry Analyst working out of the New York Office.","Image":null,"CategoryId":1126,"CategoryName":"Analyst Insights","Persona":null,"Content":"Monetary policy is not just a guiding star for the average business or individual consumer; it also plays an integral role in shaping industry performance. The recent quarter-point rate cut instituted by the Federal Reserve in September 2025 signals a monetary policy pivot away from the hawkish Fed stance aimed at quelling elevated inflation. As a government body, the Federal Reserve does not directly impact industry performance, nor does it determine downstream fiscal policy like corporate tax rates or individual tax brackets.
\n\n
However, the Fed is a central player in crafting national policy, namely setting national interest rates and participating in Treasury buybacks, which are done to stabilize the economy in times of recessionary fears. Swings in interest rates or Treasury buybacks have a consequential impact on national borrowing costs and investment appetite for businesses and consumers alike. While evolving monetary policy is influential on a national scale, its impact can be felt not just via changing prices, but also at the industry level.
\n\n
Monetary policy governs the nation’s money supply through three primary tools: interest rate adjustments, open market operations and balance sheet management. Together, these mechanisms allow the Fed to fine-tune liquidity and credit conditions in response to shifting macroeconomic pressures.
\n\n
The federal funds rate, the overnight lending rate between banks, serves as the Fed’s primary lever for influencing borrowing costs. Set by the Federal Open Market Committee (FOMC), changes in this rate ripple through financial markets, affecting everything from corporate lending and consumer credit to capital investment cycles.
\n\n
Through open market operations, the Fed buys or sells government securities such as Treasury bills and mortgage-backed assets to manage liquidity. Bond purchases inject reserves into the banking system, encouraging lending, while sales withdraw liquidity to cool inflationary pressure.
\n\n
In more extreme conditions, the Fed turns to quantitative easing or tightening, which involves large-scale asset purchases or sales to steer long-term interest rates and stimulate or constrain growth. The 2020 pandemic-era easing program exemplified this approach, as hundreds of billions in Treasury and MBS purchases stabilized financial markets.
\n\n
Across these channels, policy shifts directly influence financing costs, credit availability and investment appetite. The effects cascade unevenly across sectors, with banking and real estate responding first through lending activity, while capital-intensive industries like manufacturing and construction adjust later through investment and hiring.
\n\n
When the Fed manipulates these policies, they have tangible effects on core macroeconomic factors. Higher interest rates and lower bond purchasing activity result in lower borrowing demand among consumers and tighter lending capabilities among banks. When rates are lowered and bond purchases accelerate, it generates higher consumer spending demand with the aim of bolstering economic growth. The Fed’s September 2025 rate cut exemplifies its efforts to bolster national GDP, with 2025 projections from the Board of Governors signaling that real GDP could inch upward to 1.8% by 2027.
\n\n
Wages, employment and investment activity are also affected by the Fed’s decision-making process. When rates are high, it becomes more difficult to borrow money, causing slower hiring among employers and reducing wage growth capability. Similarly, investors will struggle to pursue new expansion and innovation opportunities, as the higher cost of money will foster a more conservative approach to investment aimed at steady rates of return. The national effect of these policies not only harms the individual but also plays a significant role in how industries respond to monetary policy shifts and their performance in the national market.
\n\n
Although monetary policy is directly led by the Federal Reserve, it also receives indirect influence via political avenues. Traditionally, the Fed acts as an independent organ within Washington DC and makes policy decisions without political bias or input. However, amid the current political backdrop, Fed independence has been tested in the policy arena.
\n\n
President Trump’s push to drastically cut interest rates came at odds with Fed chair Jerome Powell’s stance on maintaining the same funds rate in July 2025, with the White House threatening to fire the chair in response to this policy disagreement. Additional internal disagreement mired the Fed when the Trump Administration’s temporary Board of Governors replacement, Stephen Miran, dissented on the quarter point rate cut in favor of a half-point rate cut, highlighting the growing influence of external political forces in crafting favorable monetary policies.
\n\n
Despite the growing political pressures and policy disagreements, the collective monetary policy debate remains focused on upholding the Fed’s dual mandate of full employment and 2.0% inflation. While political narratives regarding inflation fears and prioritizing GDP expansion have grown in influencing Fed perception, the broader goal of the agency remains undeterred. Maintaining a stable labor market and meeting the 2.0% annual inflation benchmark are the main points of emphasis at any FOMC meeting or bond purchase decision.
\n\n
Monetary policy shifts create uneven effects across the economy, with some industries responding more sharply to rate changes and liquidity adjustments than others. The sectors most sensitive to Fed action reflect how credit conditions, borrowing costs and investment cycles translate into real economic outcomes. Expansionary policy can unlock lending and stimulate capital spending, while tightening phases often expose leverage and slow project pipelines.
\n\n
Changes in monetary policy have the most direct impact on commercial banking operations. Since their main revenue drivers come from holding consumer deposits and issuing loans to commercial clients, any changes in federal funds rates or liquidity in the Treasury markets will have a direct impact on commercial banks’ ability to loan money. Rising rates lead to higher borrowing costs for commercial and individual loans, while greater open market operations strengthen banking reserves and encourage banks to lend more capital. Commercial banks can benefit during higher interest rate periods, as it may encourage retail customers to park their money into secure investment vehicles, such as certificates of deposit (CDs), if rates exceed inflation growth.
\n\n
If current monetary trends of more rate cuts and lower open market operations continue, it could encourage commercial banks to pursue greater lending volumes. Commercial banks’ aggregate loan and lease volumes reached $13.1 trillion in June 2025, a 2.1% boost compared to last year.
\n\n
Changes in monetary policy play a significant role directly and indirectly within the apartment construction space. When construction companies partake in a new apartment or condominium project, they lease equipment and require financing to complete the project on time and within a budget. Interest rate fluctuations could impact the cost of loans or equipment, causing construction companies to change their investment tactics or downsize their apartment scope. Higher open market operations, which generate greater bank liquidity, make it easier to borrow money and invest capital beyond one regional project.
\n\n
Condominium construction is also indirectly influenced by shifts in bond purchases, as it can impact the cost of new loans. Monetary policy changes are especially relevant in the current economic climate, as new tariffs on imported goods may make it more difficult to procure foreign goods for smaller construction companies and drastically change new construction costs.
\n\n
If current monetary trends persist, incumbent construction companies will have to remain wary of developments in interest rate policy. Any sudden rate hike can cause unsustainable financing costs for existing projects, which could reduce project sizes. Larger construction companies will also look to automate their labor force to control operational expenses.
\n\n
Changes in monetary policy have significant effects on manufacturers due to their usage of capital for new machinery, labor and production facilities. Interest rates are the main driver of direct change in industry performance, as higher borrowing costs for loans impact manufacturers’ ability to finance new product development. Capital equipment is integral to any manufacturing industry’s success, so if monetary policy pivots to tightening lending conditions, it could dampen investment levels and force manufacturers to cut down on new products.
\n\n
If current monetary trends persist, manufacturers face a positive outlook. As rates keep falling, manufacturers will have greater leverage to pursue new projects. However, they must remain wary, with new tariffs changing the cost landscape of input materials from abroad. If inflation begins to rise again, the Fed may reverse course and raise rates, while also slowing down bond purchases to cut down on money supply within the system.
","TimeToRead":8,"FinalWord":null,"KeyTakeaways":null,"DatePublished":"2025-10-14T00:00:00Z","DatePublishedTimestamp":0,"DateFormatted":"October 14, 2025","UrlSlug":"/us-monetary-policy/","SeoTitle":"Constant Interest: How Monetary Policy Shapes US Industries","SeoDescription":"The Fed doesn’t just move markets. Its policies reshape industries and reveal which sectors will thrive or tighten under new rates.","SeoImageUrl":"/media/cozh5p0k/socialmedia-logo.png","Tags":["Interest Rates","Monetary Policy","Federal Reserve","Growth Industries","Macro Trends","Macroeconomic","Banking","Apartment Construction","Manufacturing"],"Sectors":null,"Toc":null,"Culture":"en","IsFeatured":false,"IsHidden":false},"Item3": {"Id":7739,"Key":"93498610-6daf-4617-ba0d-9a2bbb12f93b","Title":"Constant Interest: How Monetary Policy Shapes US Industries","Country":"United States","CountryId":1,"AuthorId":6723,"AuthorName":"Alexander Govdysh","AuthorTitle":"Industry Analyst","AuthorPhoto":"/media/qgebhosf/headshot-copy-ag-1-2.png","AuthorBio":"Alexander is an Industry Analyst working out of the New York Office.","Image":null,"CategoryId":1126,"CategoryName":"Analyst Insights","Persona":null,"Content":"Monetary policy is not just a guiding star for the average business or individual consumer; it also plays an integral role in shaping industry performance. The recent quarter-point rate cut instituted by the Federal Reserve in September 2025 signals a monetary policy pivot away from the hawkish Fed stance aimed at quelling elevated inflation. As a government body, the Federal Reserve does not directly impact industry performance, nor does it determine downstream fiscal policy like corporate tax rates or individual tax brackets.
\n\n
However, the Fed is a central player in crafting national policy, namely setting national interest rates and participating in Treasury buybacks, which are done to stabilize the economy in times of recessionary fears. Swings in interest rates or Treasury buybacks have a consequential impact on national borrowing costs and investment appetite for businesses and consumers alike. While evolving monetary policy is influential on a national scale, its impact can be felt not just via changing prices, but also at the industry level.
\n\n
Monetary policy governs the nation’s money supply through three primary tools: interest rate adjustments, open market operations and balance sheet management. Together, these mechanisms allow the Fed to fine-tune liquidity and credit conditions in response to shifting macroeconomic pressures.
\n\n
The federal funds rate, the overnight lending rate between banks, serves as the Fed’s primary lever for influencing borrowing costs. Set by the Federal Open Market Committee (FOMC), changes in this rate ripple through financial markets, affecting everything from corporate lending and consumer credit to capital investment cycles.
\n\n
Through open market operations, the Fed buys or sells government securities such as Treasury bills and mortgage-backed assets to manage liquidity. Bond purchases inject reserves into the banking system, encouraging lending, while sales withdraw liquidity to cool inflationary pressure.
\n\n
In more extreme conditions, the Fed turns to quantitative easing or tightening, which involves large-scale asset purchases or sales to steer long-term interest rates and stimulate or constrain growth. The 2020 pandemic-era easing program exemplified this approach, as hundreds of billions in Treasury and MBS purchases stabilized financial markets.
\n\n
Across these channels, policy shifts directly influence financing costs, credit availability and investment appetite. The effects cascade unevenly across sectors, with banking and real estate responding first through lending activity, while capital-intensive industries like manufacturing and construction adjust later through investment and hiring.
\n\n
When the Fed manipulates these policies, they have tangible effects on core macroeconomic factors. Higher interest rates and lower bond purchasing activity result in lower borrowing demand among consumers and tighter lending capabilities among banks. When rates are lowered and bond purchases accelerate, it generates higher consumer spending demand with the aim of bolstering economic growth. The Fed’s September 2025 rate cut exemplifies its efforts to bolster national GDP, with 2025 projections from the Board of Governors signaling that real GDP could inch upward to 1.8% by 2027.
\n\n
Wages, employment and investment activity are also affected by the Fed’s decision-making process. When rates are high, it becomes more difficult to borrow money, causing slower hiring among employers and reducing wage growth capability. Similarly, investors will struggle to pursue new expansion and innovation opportunities, as the higher cost of money will foster a more conservative approach to investment aimed at steady rates of return. The national effect of these policies not only harms the individual but also plays a significant role in how industries respond to monetary policy shifts and their performance in the national market.
\n\n
Although monetary policy is directly led by the Federal Reserve, it also receives indirect influence via political avenues. Traditionally, the Fed acts as an independent organ within Washington DC and makes policy decisions without political bias or input. However, amid the current political backdrop, Fed independence has been tested in the policy arena.
\n\n
President Trump’s push to drastically cut interest rates came at odds with Fed chair Jerome Powell’s stance on maintaining the same funds rate in July 2025, with the White House threatening to fire the chair in response to this policy disagreement. Additional internal disagreement mired the Fed when the Trump Administration’s temporary Board of Governors replacement, Stephen Miran, dissented on the quarter point rate cut in favor of a half-point rate cut, highlighting the growing influence of external political forces in crafting favorable monetary policies.
\n\n
Despite the growing political pressures and policy disagreements, the collective monetary policy debate remains focused on upholding the Fed’s dual mandate of full employment and 2.0% inflation. While political narratives regarding inflation fears and prioritizing GDP expansion have grown in influencing Fed perception, the broader goal of the agency remains undeterred. Maintaining a stable labor market and meeting the 2.0% annual inflation benchmark are the main points of emphasis at any FOMC meeting or bond purchase decision.
\n\n
Monetary policy shifts create uneven effects across the economy, with some industries responding more sharply to rate changes and liquidity adjustments than others. The sectors most sensitive to Fed action reflect how credit conditions, borrowing costs and investment cycles translate into real economic outcomes. Expansionary policy can unlock lending and stimulate capital spending, while tightening phases often expose leverage and slow project pipelines.
\n\n
Changes in monetary policy have the most direct impact on commercial banking operations. Since their main revenue drivers come from holding consumer deposits and issuing loans to commercial clients, any changes in federal funds rates or liquidity in the Treasury markets will have a direct impact on commercial banks’ ability to loan money. Rising rates lead to higher borrowing costs for commercial and individual loans, while greater open market operations strengthen banking reserves and encourage banks to lend more capital. Commercial banks can benefit during higher interest rate periods, as it may encourage retail customers to park their money into secure investment vehicles, such as certificates of deposit (CDs), if rates exceed inflation growth.
\n\n
If current monetary trends of more rate cuts and lower open market operations continue, it could encourage commercial banks to pursue greater lending volumes. Commercial banks’ aggregate loan and lease volumes reached $13.1 trillion in June 2025, a 2.1% boost compared to last year.
\n\n
Changes in monetary policy play a significant role directly and indirectly within the apartment construction space. When construction companies partake in a new apartment or condominium project, they lease equipment and require financing to complete the project on time and within a budget. Interest rate fluctuations could impact the cost of loans or equipment, causing construction companies to change their investment tactics or downsize their apartment scope. Higher open market operations, which generate greater bank liquidity, make it easier to borrow money and invest capital beyond one regional project.
\n\n
Condominium construction is also indirectly influenced by shifts in bond purchases, as it can impact the cost of new loans. Monetary policy changes are especially relevant in the current economic climate, as new tariffs on imported goods may make it more difficult to procure foreign goods for smaller construction companies and drastically change new construction costs.
\n\n
If current monetary trends persist, incumbent construction companies will have to remain wary of developments in interest rate policy. Any sudden rate hike can cause unsustainable financing costs for existing projects, which could reduce project sizes. Larger construction companies will also look to automate their labor force to control operational expenses.
\n\n
Changes in monetary policy have significant effects on manufacturers due to their usage of capital for new machinery, labor and production facilities. Interest rates are the main driver of direct change in industry performance, as higher borrowing costs for loans impact manufacturers’ ability to finance new product development. Capital equipment is integral to any manufacturing industry’s success, so if monetary policy pivots to tightening lending conditions, it could dampen investment levels and force manufacturers to cut down on new products.
\n\n
If current monetary trends persist, manufacturers face a positive outlook. As rates keep falling, manufacturers will have greater leverage to pursue new projects. However, they must remain wary, with new tariffs changing the cost landscape of input materials from abroad. If inflation begins to rise again, the Fed may reverse course and raise rates, while also slowing down bond purchases to cut down on money supply within the system.
","TimeToRead":8,"FinalWord":null,"KeyTakeaways":null,"DatePublished":"2025-10-14T00:00:00Z","DatePublishedTimestamp":0,"DateFormatted":"October 14, 2025","UrlSlug":"/us-monetary-policy/","SeoTitle":"Constant Interest: How Monetary Policy Shapes US Industries","SeoDescription":"The Fed doesn’t just move markets. Its policies reshape industries and reveal which sectors will thrive or tighten under new rates.","SeoImageUrl":"/media/cozh5p0k/socialmedia-logo.png","Tags":["Interest Rates","Monetary Policy","Federal Reserve","Growth Industries","Macro Trends","Macroeconomic","Banking","Apartment Construction","Manufacturing"],"Sectors":null,"Toc":null,"Culture":"en","IsFeatured":false,"IsHidden":false}}}