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US construction spending by manufacturers doubles in past year

Spending on manufacturing in the US has soared to US$190 billion, doubling in the last year — the highest share on record since the early 1990s.

Construction by Manufacturers in US - The Oregon Group - Investment Insights

The increase in spending comes as the US has rolled out a significant series of tax credits and subsidies, worth tens of billions of dollars, to bring factories and supply chains back to the US — for everything from electric battery factories and semiconductors.

The fundamentals underpinning America’s economy mean the country looks set to be the dominant economic player in the next decade, most likely establishing another new American century.

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