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U.S. manufacturing construction hits $206B, with electronics, particularly semiconductors, leading at $113B annually post-CHIPS Act.
U.S. manufacturing construction spending has reached a new high, with an annualized rate of $206 billion, driven largely by a surge in electronics manufacturing construction, which has nearly reached $113 billion annually. This growth, especially in semiconductor fabricator construction, is largely attributed to the incentives provided by the CHIPS Act, reflecting a significant investment in the tech sector and its infrastructure.
Source: Joey Politano
Another record high for US manufacturing construction spending, now up to a $206B annualized rate.
â Joey Politano đłïžâđ (@JosephPolitano) December 1, 2023
Electronics manufacturing construction (mostly semiconductor fabricators in the wake of the CHIPS Act) is now up to a nearly $113B annualized rate. pic.twitter.com/VpEKvttNVd
Source: Joey Politano
August PMI shows manufacturing still contracting. Production plummets to lowest level since May 2020 as demand weakens and inventories rise. But there may be relief moving into the holiday season.
The U.S. manufacturing sector faces contraction with a PMI of 48.7 in May 2024, while manufacturing construction hits a record high. What's up with these mixed signals?
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