Financial News: U.S. Construction Spending Climbs More Than Expected In

U.S. Construction Spending Climbs More Than Expected In February

04/01/2025 - 11:03:00 (RTTNews)

(RTTNews) - Partly reflecting a jump by spending on residential construction, the Commerce Department released a report on Tuesday showing U.S. construction spending increased by more than expected in the month of February.

The report said construction spending climbed by 0.7 percent to an annual rate of $2.196 trillion in February after falling by 0.5 percent to a revised rate of $2.180 trillion in January.

Economists had expected construction spending to rise by 0.3 percent compared to the 0.2 percent dip originally reported for the previous month.

The Commerce Department said spending on private construction increased by 0.9 percent to an annual rate of $1.686 trillion.

Spending on residential construction led the way higher, surging by 1.3 percent to an annual rate of $928.9 billion, while spending non-residential construction rose by 0.4 percent to an annual rate of $757.5 billion.

Meanwhile, the report said spending on public construction crept up by 0.2 percent to an annual rate of $509.3 billion.

Spending on educational construction climbed by 0.3 percent to an annual rate of $110.8 billion, while spending on highway construction jumped by 1.2 percent to an annual rate of $147.2 billion.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovenia Retail Sales Fall 2.0% In March (01 hr(s), 32 min(s), 16 sec(s) ago)
(RTTNews) - Retail trade turnover in Slovenia shrunk in March amid weaker demand for foods as well ...Full Story»

U.S. Consumer Confidence Slumps More Than Expected In April (01 hr(s), 39 min(s), 16 sec(s) ago)
(RTTNews) - Largely reflecting a significant deterioration by consumer expectations, the Conferenc ...Full Story»

Euro Area Inflation Expectations Highest Since 2024: ECB Survey (01 hr(s), 46 min(s), 16 sec(s) ago)
(RTTNews) - Eurozone consumers' inflation expectations for one year and three years ahead incr ...Full Story»

U.S. Job Openings Decrease More Than Expected In March (01 hr(s), 51 min(s), 16 sec(s) ago)
(RTTNews) - The Labor Department released a report on Tuesday showing job openings in the U.S. fel ...Full Story»

Turkey Economic Confidence Weakens In April (01 hr(s), 55 min(s), 16 sec(s) ago)
(RTTNews) - Turkey's economic sentiment weakened in April to the lowest level in seven months, ...Full Story»

Swedish Economic Confidence Falls Slightly In April (03 hr(s), 01 min(s), 16 sec(s) ago)
(RTTNews) - Sweden's economic confidence decreased further in April to the lowest level in six ...Full Story»

Iceland Inflation Accelerates First Time In 9 Months (03 hr(s), 30 min(s), 16 sec(s) ago)
(RTTNews) - Consumer price inflation climbed in April for the first time in nine months, prelimina ...Full Story»

Eurozone Loans To Private Sector Rise Faster (03 hr(s), 45 min(s), 16 sec(s) ago)
(RTTNews) - Adjusted loans to the euro area private sector grew at a faster pace in March as lendi ...Full Story»