Reflecting decreases in sending on both private and public construction, the Commerce Department released a report on Monday showing U.S. construction spending fell by more than expected in the month of June.
The report said construction spending slid by 0.7 percent to an annual rate of $1.355 trillion in June after tumbling by 1.7 percent to a revised rate of $1.365 trillion in May.
Economists had expected construction spending to decrease by 0.5 percent compared to the 2.1 percent slump originally reported for the previous month.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.