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U.S. Manufacturing Spending Plummets Despite Trump's Claims

2/7/2026

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Summary

Story summary

U.S. manufacturing construction spending has declined since U.S. President Donald Trump took office, contradicting his claim of a 41% increase.
U.S. Census Bureau data show a 6.7% drop in spending from late 2024 to mid-2025.
Under President Joe Biden, spending surged over 200% during his term, peaking in 2024.
Economists expect the decline to continue into 2026 and 2027, with Trump's tariffs reportedly raising costs for manufacturers and hindering investment.

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Story summary

U.S. manufacturing construction spending has declined since U.S. President Donald Trump took office, contradicting his claim of a 41% increase.
U.S. Census Bureau data show a 6.7% drop in spending from late 2024 to mid-2025.
Under President Joe Biden, spending surged over 200% during his term, peaking in 2024.
Economists expect the decline to continue into 2026 and 2027, with Trump's tariffs reportedly raising costs for manufacturers and hindering investment.