The Commerce Department released a report on Wednesday showing a modest increase in U.S. construction spending in the month of October.
The report said construction spending inched up by 0.2 percent to an annual rate of $1.598 trillion in October after edging down by 0.1 percent to a revised rate of $1.595 trillion in September.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.