A report released by the Commerce Department on Tuesday showed U.S. construction spending increased by less than expected in the month of April.The Commerce Department said construction spending edged up by 0.2 percent to an annual rate of $1.524 trillion in April after jumping by 1.0 percent to an upwardly revised rate of $1.521 trillion in March.Economists had expected construction spending to c...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.