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Economic Buzz: US construction spending rise 0.2% in August
18-Nov-2025 08:45
Construction spending in the U.S. unexpectedly saw a modest increase in the month of August, according to a report released by the Commerce Department on Monday.

The Commerce Department said construction spending crept up by 0.2 percent to an annual rate of $2.169 trillion in August after rising by 0.2 percent to a revised rate of $2.165 trillion in July.

The unexpected uptick by total construction spending came as spending on private construction rose by 0.3 percent to an annual rate of $1.652 trillion. Spending on residential construction grew by 0.8 percent to an annual rate of $914.8 billion, more than offsetting a 0.3 percent dip in spending on non-residential construction to an annual rate of $737.3 billion.

Meanwhile, the report said spending on public construction was virtually unchanged from the previous month at an annual rate of $517.3 billion.

While spending on educational construction climbed by 0.6 percent to an annual rate of $112.6 billion, spending on highway construction slipped by 0.2 percent to an annual rate of $142.5 billion.

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