A report released by the Commerce Department on Tuesday showed construction spending in the U.S. rose by slightly less than expected in November, although the report also showed a significant upward revision to the increase in spending in October.
The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.050 trillion in November after surging by 1.2 percent to an upwardly revised rate of $2.043 trillion in October.
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Business News
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.