Remember Trump's bragging about a U.S. manufacturing boom during his administration?
In data, the decline in inflation-adjusted quarterly U.S. private investment in the manufacturing industry stopped by late 2017 & then bumped up +6% in 2019 (Figure).
Recent increases have dwarfed that...
In data, the decline in inflation-adjusted quarterly U.S. private investment in the manufacturing industry stopped by late 2017 & then bumped up +6% in 2019 (Figure).
Recent increases have dwarfed that...
Comments
It's 18X the 2019 bump.
https://empireofdirt.substack.com/p/clean-energy-funding-for-the-smallest
We also have 425,000 more construction jobs than the peak during the prior administration in Feb 2020.
https://www.constructiondive.com/news/manufacturing-construction-boom-tracker-map/688140/
https://home.treasury.gov/news/featured-stories/unpacking-the-boom-in-us-construction-of-manufacturing-facilities