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Commodity Mid Session News

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(04 Aug 2025, 10:33)

Economic Buzz: US construction spending falls to lowest since Sep-23

The US Commerce Department released a report on Friday showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending dropped by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May. The continued decrease pulled construction spending down to its lowest level since hitting an annual rate of $2.123 trillion in September 2023. The latest decline came as spending on private construction fell by 0.5 percent to an annual rate of $1.622 trillion in June.
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