Construction Spending Rising
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Construction touched the entire economy, it is hard to have a recession if it is rising…
“Davidson submits:
Construction Spending posted a new high in Dec. Total Construction Spending and three components, Residential, Public and Manufacturing remain either at record levels or posted new highs. That Manufacturing construction spend is 150% higher than Aug 2021 reflects company efforts to solve supply chain issues revealed by the COVID lockdowns. Intel recently opened a chip packaging plant in New Mexico with new sites in Ohio and Arizona in process.
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