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flag U.S. industrial manufacturing projects dropped 5% in February 2026, with major investments in energy, aerospace, and advanced manufacturing planned through 2031.

flag Industrial manufacturing capital project activity in February 2026 declined 5% month-over-month to 133 new projects, with renovations and equipment upgrades dropping 18%, while other categories stayed stable, indicating a targeted slowdown. flag Nineteen major projects valued at $100 million or more were identified, including a $4 billion Eli Lilly campus in Pennsylvania, a $1 billion facility in Lower Gwynedd, a $900 million expansion in Gary, Indiana, and a $500 million aerospace plant in Virginia. flag Additional investments span energy, aerospace, and advanced manufacturing, with construction set to begin in 2026 or later and completion dates through 2031. flag Several projects await regulatory approval.

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