The White House·Nov 3, 2026, 1:49 PM ET

President Trump Is Powering an American Manufacturing Renaissance

American manufacturing expanded for its tenth consecutive month, reaching its fastest growth pace in nearly five years.
The sector added 72,000 jobs this year, reversing the 202,000 jobs lost in the final two years of the Biden Administration, while factory construction employment climbed by nearly 112,000 since President Trump took office.
Manufacturing workers' weekly earnings increased by 5% over the past year, outpacing inflation to boost purchasing power.
Business investment jumped 12.7% in the third quarter of 2026, marking the fastest growth in 15 years, with private investment in plants and equipment rising 9.4%.
Capital goods imports hit a record share of total goods imports in September, while consumer goods imports fell to a historic low.
U.S. machine tool orders reached their third-highest monthly total on record, up more than 36% from a year earlier.
Audi announced a $4 billion factory in Georgia to create 4,500 jobs, Westinghouse Electric committed $1 billion to a nuclear fuel factory in South Carolina, U.S. Steel pledged $3 billion for a new mill near Pittsburgh, Apple invested up to $100 million in American titanium production, Bombardier committed $270 million to U.S. manufacturing, Carrier announced over $600 million for a facility in Fort Worth.