Construction spending in the U.S. unexpectedly decreased in the month of January, according to a report released by the Commerce Department on Monday.
The report said construction spending fell by 0.3 percent to an annual rate of $2.190 trillion in January after climbing by 0.8 percent to a revised rate of $2.198 trillion in December.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.