Construction spending in the manufacturing sector
Manufacturing Construction Spending (PRMFGCONS) tracks expenditures on new manufacturing facilities, expansions, and renovations. This includes both defense-specific manufacturing facilities and the broader industrial base that supports defense production.
Manufacturing construction is a leading indicator of future production capacity. Increased construction suggests businesses are preparing for higher output, which can include defense production. New facilities for semiconductors, advanced materials, or precision manufacturing directly support defense capabilities.
Units: Millions of Dollars