Construction spending in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Commerce Department on Wednesday.
The report said construction spending slipped by 0.1 percent to an annual rate of $1.826 trillion in January after falling by 0.7 percent to a revised rate of $1.828 trillion in December.
Economists had expected construction spending to inch up by 0.2 percent compared to the 0.4 percent decrease originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.