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Joseph Politano reports that American factory construction has fallen to its lowest point since 2022, according to official data released today.
Politano highlights that total U.S. factory construction is now down 33% from its 2024 highs and 20% over the last year. The decline is attributed to the completion of CHIPS Act projects and the ongoing impact of tariffs across nearly all industries.
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Earlier this year, Joseph Politano reported that 44 U.S. states posted economic growth, with New York leading and the District of Columbia lagging. He also covered a milestone as information technology firms set a new investment record amid a surge in AI-related spending. These developments occurred as the manufacturing sector began showing signs of slowing momentum.