Martin Crutsinger

AP Economics Writer

Industrial Media Unboxing Video

Industrial Media Unboxing Video

IEN Unboxed is a new show in which our editors unbox new tools on the market and discuss their features.

Containers are stacked at the Port of Long Beach in Long Beach, CA on Oct. 1, 2021.

Wholesale Inflation Up Record 9.6% Over Past Year

The inflation mark surpassed the 12-month records of 8.6% set in both September and October.

Wholesale Inflation Up 1% in June

Price gains are up a record 7.3% in the past 12 months.

A construction crew work on a new segment of the I-395 interstate highway on May 6 in Miami.

May US Construction Spending Down 0.3% as Housing Slows

It followed a slight 0.1% rise in April and left overall construction spending up 7.5% from a year ago.

An advertising sign for building land stands in front of a new home construction site in Northbrook, IL on March 21.

US Construction Spending Ticks Up 0.2% in April

The April increase is 9.8% above the construction level in April 2020.

In this Oct. 29, 2020 photo, worker Javad Memarzadeh of Needham, MA dusts washers on a display at a Home Depot location in Boston.

March Durable Goods Orders Rebound 0.5%

It was the tenth gain in the past 11 months and followed a 0.9% decline in February.

In this Dec. 1, 2020 photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington.

Fed Rate Expected to Remain Near Zero Through 2023

With its brightening outlook, the Fed on Wednesday significantly upgraded its forecasts for growth and inflation.

In this Dec. 1, 2020 file photo, workers toil on new homes under construction in a development near Chatfield State Park in Littleton, CO.

Home Building Leads 1% Gain in US Construction Spending

The increase followed a 1.1 percent gain in November.

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November US Construction Spending Up Solid 0.9%

The November gain followed a bigger 1.6% rise in October and left construction spending up 4.4% through the first 11 months of 2020 year-over-year.

A new home under construction is shown on Sept. 24 in Houston.

August Construction Spending Up 1.4%

The gain was double the 0.7% increase in July.

A new home is under construction on Wednesday, Aug. 19 in Pine Township, PA.

US Construction Spending Snaps Skid in July, Up 0.1%

Spending on residential construction rose a solid 2.1% while nonresidential construction fell by 1%.

In this May 20 photo, a construction worker stands on stilts while working at a residential building construction site at the Harbor Point redevelopment site on the Stamford, CT waterfront.

May US Construction Spending Down 2.1%

It follows declines of 3.5 percent in April and 0.3 percent in March.