Mmastodon BusinessEconomy first seen 3 d ago, last 3 d ago, peak #1

US factory construction falls to lowest level since 2022

Original: "American factory construction🚨inched down to the lowest level since 2022 in official data released yesterday as CHIPS A

US factory construction has slipped to its lowest level since 2022, according to official data released this week, as projects funded by the CHIPS Act are completed and tariffs weigh on industries across the economy. Total factory construction is down 33% from its 2024 highs and 20% over the past year, prompting concern about the durability of America's manufacturing investment boom.

Why now: New official data showing a sharp decline in factory construction challenges expectations that the US manufacturing boom would continue.

United StatesCHIPS Act

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Rank over time, top of the chart is #1. 9 snapshots from 3 d ago to 3 d ago.

Evidence

• "American factory construction🚨inched down to the lowest level since 2022 in official data released yesterday as CHIPS Act projects finish and tariffs weigh on nearly all industries Total US factory construction🚨is down 33% from its 2024 highs and 20% over the last year alone."… · KimPerales@toad.social · 10

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