![]() ![]() While it can be difficult to compare such granular data across countries, the surge appears to be uniquely American-not mirrored in other advanced economies. ![]() Finally, we put the trend in international context.The manufacturing surge has not crowded out other types of construction spending, which generally continue to strengthen. non-residential construction spending, alongside new building for public and private infrastructure following the IIJA. Manufacturing construction is one element of a broader increase in U.S.The boom is principally driven by construction for computer, electronic, and electrical manufacturing-a relatively small share of manufacturing construction over the past few decades, but now a dominant component.We explore the surge along three key dimensions: The surge comes in a supportive policy environment for manufacturing construction: the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act each provided direct funding and tax incentives for public and private manufacturing construction. Real manufacturing construction spending has doubled since the end of 2021 (Figure 1). The United States has experienced a striking surge in construction spending for manufacturing facilities. Samarth Gupta, Special Assistant for Economic Policy Tara Sinclair, Deputy Assistant Secretary for Macroeconomics Eric Van Nostrand, Acting Assistant Secretary for Economic Policy ![]()
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