Reflecting a spike in spending on public construction, the Commerce Department released a report on Wednesday showing U.S. construction spending jumped much more than expected in the month of January.The report said construction spending surged up by 1.3 percent to an annual rate of $1.280 trillion in January after falling by 0.8 percent to a revised rate of $1.263 billion in December.Economists h...
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.