America’s Factory Building Boom

“Congress passed two measures last year that aimed, in part, to build America’s manufacturing capacity back up. While the ultimate economic ramifications of these moves will take years to play out, this much is certain: If you spend it, they will build,” the Wall Street Journal reports.

“On Monday, the Commerce Department reported May construction spending figures, with overall spending rising a seasonally adjusted 0.9% from a month earlier. Once again, an important piece of that was spending on construction of manufacturing facilities.”