Tag: spending
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Amid tariff turmoil, Novartis commits to spending $23B on US manufacturing
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Novartis will substantially expand its U.S. footprint, announcing Thursday plans to spend $23 billion over five years to build six new factories, expand three existing ones and add a new research and development hub. The…
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Public projects boost construction spending to $1.26T high
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nonresidential construction spending increased 0.3% in February to a seasonally adjusted annual rate of $1.26 trillion, the highest level on record, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released…
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Construction spending stalls despite data center boom
Dive Brief: Nonresidential construction spending ticked up 0.1% in January to a seasonally adjusted annual rate of $1.25 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Even though spending increased in 12 of the 16 nonresidential subcategories, data center construction accounted for more than 75% of the…
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Construction spending slips as costs rise ahead of tariffs
Dive Brief: Nonresidential construction spending ticked down 0.2% in December to a seasonally adjusted annual rate of $1.24 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Spending declined in nine of the 16 nonresidential subcategories on a monthly basis. Public nonresidential spending fell 0.5%, while private nonresidential…