A report released by the Commerce Department on Wednesday showing construction spending in the U.S. increased by much more than expected in the month of October.
The Commerce Department said construction spending climbed by 0.5 percent to an annual rate of $2.175 trillion in October after falling by 0.6 percent to an annual rate of $2.164 trillion in September. Economists had expected construction spending to inch up by 0.1 percent.
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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.