Journal Article
Has the Investment Boom Expanded U.S. Productive Capacity?
Abstract: U.S. productive capacity has expanded, but so far almost entirely in one narrow segment: the industries that make computers, communications equipment, and semiconductors, which account for about 3 percent of U.S. manufacturing output. Capacity in the rest of manufacturing remains below its pre-pandemic level. Where the AI build-out presses hardest on domestic suppliers, adjustment is occurring through higher prices and imports rather than broad new U.S. capacity.
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https://www.kansascityfed.org/research/economic-bulletin/has-the-investment-boom-expanded-us-productive-capacity/
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Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Bulletin
Publication Date: 2026-10-13
Pages: 4