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U.S. Factory Construction in a Historic Spike, After Years of Going Nowhere (Amazing, but Can Something Like This Last?)

November 05, 2023

by Wolf Richter Wolf Street

And the factory construction announcements continue.

This is amazing, and I’m not sure how long it will last, but spending on construction projects for manufacturing facilities in the US continues to spike in a historic manner. In September, $17.5 billion, up by about 150% from the stagnation range before the pandemic.

For the first nine months of 2023, spending on factory construction jumped to $140 billion, up by 131% from $60 billion in the same period in 2019 and $59 billion in 2021.