- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller January 4, 2016
The value of construction put-in-place declined 0.4% (+9.7% y/y) during November following a 0.3% October rise, revised from 1.0%. Three-month growth of 0.2% (AR) compared to 29.2% during Q2. A 0.5% rise in November had been expected in the Action Economics Forecast Survey. Data back to 2005 were revised, notably for 2014.
Public sector building fell 1.0% (+6.0% y/y), the fourth decline in the last five months. Water supply spending declined 7.6% (-7.0% y/y) but office construction increased 1.1% (8.0% y/y). Highway and street construction eased 1.3% (+6.0% y/y) and power construction declined 2.4% (-2.0% y/y).
Building activity in the private sector slipped 0.2% following a 0.7% October rise. During the last three months, activity increased at a much-reduced 3.6% rate. Residential building activity improved 0.3% for the second consecutive month (10.4% y/y). These increases are reduced from a 13.2% rise during Q2. The increase was led by a diminished 0.6% rise in single-family building (9.4% y/y). Multi-family construction fell 0.7% but still rose by roughly one-quarter y/y. Spending on improvements inched 0.1% higher (6.1% y/y). Nonresidential building fell 0.7% (+11.7% y/y) as factory sector construction declined 4.0% (+27.3% y/y).
The construction spending figures are in Haver's USECON database and the expectations figure is contained in the AS1REPNA database.
|Construction Put in Place (SA, %)||Nov||Oct||Sep||Nov Y/Y||2014||2013||2012|