With an increase in spending on private construction more than offsetting a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending rose by more than expected in the month of March.
The Commerce Department said construction spending climbed by 0.6 percent to an annual rate of $2.185 trillion in March after slipping by 0.2 percent to an annual rate of $2.173 trillion in February. Economists had expected construction spending to rise by 0.4 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
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.