The Commerce Department released a report on Thursday showing U.S. construction spending jumped much more than anticipated in the month of December.The report said construction spending increased by 0.9 percent to an annual rate of $2.096 trillion in December after climbing by 0.9 percent to an upwardly revised $2.078 trillion in November.Economists had expected construction spending to rise by 0....
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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.