Construction spending in U.S. jumped by much more than expected in the month of April, according to a report released by the Commerce Department on Thursday.
The Commerce Department said construction spending surged by 1.2 percent to an annual rate of $1.908 trillion in April after rising by 0.3 percent to a revised rate of $1.885 trillion in March. Economists had expected construction spending to inch up by 0.2 percent.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.