A report released by the Commerce Department on Monday showed construction spending in the U.S. increased by more than expected in the month of August.
The Commerce Department said construction spending climbed 0.5 percent to $1.218 trillion in August after plunging by 1.2 percent to $1.212 trillion in July. Economists had expected spending to rise by 0.2 percent.
The bigger than expected increase in total construction spending reflected growth in spending on both private and public construction.
The report said spending on private construction rose by 0.4 percent to $954.8 billion, as spending on residential construction and non-residential construction climbed by 0.4 percent and 0.5 percent, respectively.
Spending on public construction also increased by 0.7 percent to $263.5 billion. Educational construction spending jumped by 3.5 percent, while highway construction spending surged up by 1.3 percent.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.