- US: GDP & Corporate Profits (Q4, 3rd release)
- Canada: Industrial Products & Raw Material Prices (Feb)
- Spain: Flash HICP and CPI, Construction Business Survey Press (Mar)
- Euro area: EC Business and Consumer Surveys (Mar)
- Belize: GDP (Q4)
- Chile: IP (Feb); Brazil: Retail Trade - Rebased 2014=100 (Jan)
- Croatia: Employment, Retail Trade Press (Feb), Earnings (Jan); Bulgaria: PPI (Feb); Montenegro: Wages (Feb); Latvia: Retail Trade (Jan); Lithuania: External Debt Service (Q4);
- more updates...
Economy in Brief
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25...
U.S. Pending Home Sales Jump
The NAR reported that pending home sales increased 5.5% in February to an index level of 112.3...
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...
by Tom Moeller February 1, 2016
The value of construction put-in-place improved 0.1% (8.0% y/y) during December following a 0.6% November decline, revised from -0.4%. For all of last year, construction activity strengthened 10.5% versus a 9.6% gain in 2014. A 0.5% rise for December had been expected in the Action Economics Forecast Survey.
Public sector building rebounded 1.9% (+3.0% y/y) following a deepened 2.4% November decline. Highway and street construction jumped 9.4% (13.2% y/y) while commercial construction surged 12.0% (41.4% y/y). Power construction declined 3.9% (-19.8% y/y) and educational building eased 0.5% (+8.2% y/y).
Building activity in the private sector declined 0.6% following no change in November. During the last three months, activity eased at a 0.1% rate. Residential building activity improved 0.9% after a 0.3% rise (9.1% y/y). The increase was led by a strong 1.0% rise in single-family building (9.1% y/y). Multi-family construction recovered 2.7% (11.9%) after a sharp decline. Spending on improvements rose 5.8% (7.9% y/y). Nonresidential building fell 2.1% (+10.4% y/y) as factory sector construction declined 7.3% (+18.1% 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, %)||Dec||Nov||Oct||Dec Y/Y||2015||2014||2013|