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

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

05/07/2026 - 10:29:00 (RTTNews)

(RTTNews) - 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.

The report said spending on private construction grew by 0.8 percent to an annual rate of $1.659 trillion in March after edging down by 0.2 percent to $1.646 trillion in February.

Spending on residential construction led the way higher, surging by 1.7 percent to an annual rate of $929.7 billion, while spending on non-residential construction dipped by 0.2 percent to $731.0 billion.

Meanwhile, the Commerce Department said spending on public construction slipped by 0.2 percent to an annual rate of $526.4 billion in March after falling by 0.3 percent to an annual rate of $527.6 billion in February.

While spending on highway construction edged down by 0.1 percent to an annual rate of $147.8 billion, spending on educational construction slid by 0.6 percent to an annual rate of $113.0 billion.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Jump 1.1% In May, More Than Expected (01 hr(s), 33 min(s), 12 sec(s) ago)
(RTTNews) - Partly reflecting a continued spike in energy prices, the Labor Department released a ...Full Story»

U.S. Jobless Claims Unexpectedly Rise To Four-Month High (02 hr(s), 30 min(s), 12 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing an unexpected uptick in fir ...Full Story»

European Central Bank Hikes Interest Rates For First Time Since 2023 (03 hr(s), 18 min(s), 12 sec(s) ago)
(RTTNews) - The European Central Bank raised its interest rates for the first time in nearly three ...Full Story»

U.S. Producer Prices Jump More Than Expected In May (03 hr(s), 37 min(s), 12 sec(s) ago)
(RTTNews) - Partly reflecting a continued spike in energy prices, the Labor Department released a ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Rise To 229,000 (03 hr(s), 43 min(s), 12 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing an unexpected uptick in fir ...Full Story»

Turkey Central Bank Holds Key Rates (04 hr(s), 02 min(s), 12 sec(s) ago)
(RTTNews) - Turkey's central bank decided to hold its benchmark interest rates on Thursday as ...Full Story»

South Africa Manufacturing Output Shrinks 2.9% (04 hr(s), 51 min(s), 12 sec(s) ago)
(RTTNews) - South Africa's manufacturing production decreased in April after recovering in the ...Full Story»

Malta Industrial Production Rebounds 7.3% (05 hr(s), 05 min(s), 12 sec(s) ago)
(RTTNews) - Malta's industrial output expanded sharply in April after falling in the previous ...Full Story»