U.S. Construction Spending Increases From Downwardly Revised Level In April

U.S. construction spending rose in April after a downwardly revised prior reading, according to the Commerce Department. The report is a routine economic data point with limited immediate market impact, though it modestly informs views on infrastructure-related demand and broader growth momentum.

Analysis

U.S. construction spending rose in April after a downwardly revised prior reading, according to the Commerce Department. The report is a routine economic data point with limited immediate market impact, though it modestly informs views on infrastructure-related demand and broader growth momentum.