Companies decided to sink billions of dollars of new investment into manufacturing plants in the U.S. after the CHIPS and Inflation Reduction Act boosted incentives for U.S. production,
Check out that spike in manufacturing plant construction. It dwarfs all prior increases.
📉📈 #️⃣#️⃣
Can't get back to the 1950s with data I'm familiar with, but Census Construction Spending extends to 1964.
Here's 1964Q1-2024Q1 in 2023 dollars. Quarterly values are the sum of NSA monthly values.
Data -
Table 3: www.census.gov/construction...
Monthly, NSA Total: www.census.gov/construction...
Okay, 1901-2022, Private Fixed Investment in Manufacturing Structures.
BEA Fixed Assets Accounts, Table 2.7, line 48. Deflated with a splice of the CPI and Index of the General Price Level.