The Commerce Department released a report on Thursday showing U.S. construction spending jumped much more than anticipated in the month of December.
The report said construction spending increased by 0.9 percent to an annual rate of $2.096 trillion in December after climbing by 0.9 percent to an upwardly revised $2.078 trillion in November.
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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.