Investments Boost Growth And Lay Foundation For More Innovation

Contributing sentiments towards policy:

74% : The bipartisan Infrastructure Investment Jobs Act, the Inflation Reduction Act and the CHIPS Act all provided more public support for public and private investments and created more planning certainty for private investments.
66% : These added investments follow in part from a range of legislative achievements aimed at rebuilding the country's infrastructure and boosting the generation and adaptation of renewable energy.
62% : Investment spending for buildings (+16.5%), equipment such as school buses and computers (+8,8%) and intellectual property such as new educational software (+6.0%) outpaced government consumption spending (+0.7%).
59% : This type of government spending accounted for similar or larger shares of overall government spending growth since the middle of 2022.
56% : This was down from 5.8% in the second quarter, but the same as in the second quarter of 2023.More important for future growth is the fact that spending on government investment spending was especially strong.
54% : In relative terms, investments by state and local governments in structures such as schools and transit stations were the largest contributors, making up more than a quarter of the total growth of government spending at the end of 2023.
49% : Public Investments Rebuild Infrastructure as Foundation for Faster Future GrowthGovernment spending at all levels - federal, state and local - grew at an average rate, largely because of increases in investment spending.

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