Factory Construction Spending Soars to New Record, +16% YoY, +242% since 2019: Result of Corporate & Strategic Rethink

Investments in the construction of manufacturing plants in the US jumped to a record $21.1 billion in October, up by 4.0% from the prior month, up by 16.3% from a year ago, up by 177% from the beginning of 2022, and up by 242% since 2019, according to data from the Census Bureau today.