I have three news sources that I scan many days (not every one, but often). They offer quick views of the important news of the day with only a little of the usual click bait headline or occasional hype.
This is a relevant item from Axios, one of my favorites relating to the American manufacturing economy.
America’s spending on the construction of new factories is surging.
Why it matters: The Biden administration’s signature legislation — particularly the CHIPs Act and Bipartisan Infrastructure Law — has spurred a surge in construction spending that’s buoyed the economy, as Axios’ Neil Irwin reported.
By the numbers: Manufacturing-related construction hit a $210 billion annual rate in November, more than triple the average rate in the 2010s, according to Census data out this week.
