Financial News: U.S. Construction Spending Unexpectedly Falls 0.5% In July

U.S. Construction Spending Unexpectedly Falls 0.5% In July

09/01/2026 - 10:41:00 (RTTNews)

(RTTNews) - Partly reflecting a steep drop in spending on residential construction, the Commerce Department released a report on Tuesday showing construction spending in the U.S. unexpectedly decreased in the month of July.

The report said construction spending fell by 0.5 percent to an annual rate of $2.158 trillion in July after coming in virtually unchanged at a revised rate of $2.168 trillion in June.

Economists had expected construction spending to inch up by 0.1 percent compared to the 0.1 percent dip originally reported for the previous month.

The report said spending in private construction slid by 0.5 percent to an annual rate of $1.614 trillion in July from a revised rate of $1.623 trillion in June.

Spending on residential construction led the way lower, tumbling by 1.3 percent to an annual rate of $859.0, while spending on non-residential construction rose by 0.4 percent to an annual rate of $755.2 billion.

Meanwhile, the report said spending on public construction slipped by 0.2 percent to an annual rate of $543.4 billion in July from a revised rate of $544.7 billion in June.

Spending on both educational construction and highway construction dipped by 0.2 percent to annual rates of $112.3 billion and $150.3 billion, respectively.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Unexpectedly Rebound In September (03 hr(s), 13 min(s), 32 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. unexpectedly increased in the month of September, acco ...Full Story»

IMF Raises Global Growth Outlook Despite Geopolitical Tensions (03 hr(s), 52 min(s), 32 sec(s) ago)
(RTTNews) - The International Monetary Fund upgraded its global growth outlook despite concerns ov ...Full Story»

Czech Inflation Confirmed At 2.5% (05 hr(s), 52 min(s), 32 sec(s) ago)
(RTTNews) - Czech inflation rose to a five-month high in September, as initially estimated, final ...Full Story»

UK Retail Sales Growth Eases: BRC (07 hr(s), 59 min(s), 32 sec(s) ago)
(RTTNews) - UK retail sales growth eased in September as households reduced spending amid concerns ...Full Story»

Ireland Construction Activity Growth Slows (08 hr(s), 34 min(s), 32 sec(s) ago)
(RTTNews) - Ireland's construction sector grew at a slower pace in September largely due to th ...Full Story»

German Inflation Confirmed At 3.3%; Strongest Since 2023 (09 hr(s), 36 min(s), 32 sec(s) ago)
(RTTNews) - Germany's inflation accelerated to the highest level since late 2023 in September ...Full Story»

Australia Business Confidence Weakens For Third Straight Month: NAB (11 hr(s), 57 min(s), 32 sec(s) ago)
(RTTNews) - Australia's business sentiment deteriorated for the third straight month in Septem ...Full Story»

Japan Producer Prices Sink 0.3% In September (28 min(s), 28 sec(s) ago)
(RTTNews) - Producer prices in Japan were down a seasonally adjusted 0.3 percent on month in Septe ...Full Story»