US manufacturing expanded for the 10th consecutive month, and production grew at its fastest pace in nearly five years, the White House said.
Manufacturers added 72,000 jobs this year, following the loss of 202,000 manufacturing jobs in the final two years of the Biden Administration. Employment in factory construction has risen by nearly 112,000 since Donald Trump took office.
Manufacturing workers’ weekly earnings increased 5% over the past year. The White House said wages were rising faster than inflation and boosting workers’ purchasing power.
Business investment grew 12.7% in the third quarter of 2026, its fastest rate in 15 years. Private investment in plants and equipment rose 9.4%. In September, capital goods reached a record share of total goods imports, while consumer goods fell to a historic low.
US machine tool orders rose more than 36% from a year earlier, reaching their third-highest monthly total on record.
In recent weeks, Audi announced a $4 billion factory in Georgia, its first US manufacturing plant, which will create 4,500 jobs. Westinghouse Electric said it would invest $1 billion in a next-generation nuclear fuel factory in South Carolina. U.S. Steel announced a $3 billion investment in a new hot strip mill near Pittsburgh, expected to increase annual capacity by about 1.3 million tons.
Apple announced up to $100 million to strengthen US titanium production. Bombardier said it would invest $270 million in US manufacturing and create thousands of jobs. Carrier announced an investment of more than $600 million in an advanced manufacturing facility in Fort Worth.
