US Construction Spending Falls Slightly More than Expected âšī¸
US construction spending declined 0.3% in May 2025, marking the third consecutive monthly drop, with private sector investment falling 0.5% and residential construction experiencing a 1.8% decrease in new single-family home projects.
Persistent decline in construction spending signals potential economic slowdown, with weakness in private sector and residential construction indicating reduced investment and consumer confidence. This trend could negatively impact broader economic indicators and market sentiment.