- Sweden: Consumer Confidence, Business Tendency Survey, Public Finance (Mar)
- Spain: Mortgage Market (Jan), Order Book Forecast (Mar)
- Italy: ISTAT Business & Consumer Survey Press Release (Mar)
- Germany: Business Registrations & Deregistrations (Dec), Import & Export Prices (Feb), IAB Labor Market Barometer (Mar)
- Vietnam: GDP (Q1), CPI, IP, International Trade, Passenger & Cargo Traffic Statistics, Manufacturing Sales and Inventories, International Visitor Arrivals (Mar); Korea: Economic Sentiment
- more updates...
Economy in Brief
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...
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
by Tom Moeller March 1, 2016
The value of construction put-in-place increased 1.5% during January (9.5% y/y) after a 0.6% December gain, revised from 0.1%. It was the strongest rise since May, and exceeded the 0.5% increase expected in the Action Economics Forecast Survey. During the last three months, activity grew an average 0.5% per month.
Strength in public sector building led the January gain with a 4.5% jump (9.0% y/y), following a 3.3% December increase. During the last three months, activity grew an average 1.7%. Highway and street construction jumped 14.7% (31.7% y/y) while commercial construction surged 6.5% (63.1% y/y). Power construction rebounded 5.0% (-8.7% y/y), but health care building declined 5.0% (-1.9% y/y).
Building activity in the private sector increased 0.5% (9.7% y/y) following a 0.3% December decline. During the last three months, activity improved an average 1.7%. A 1.0% increase (11.3% y/y) in nonresidential building led the monthly increase. Residential building activity remained unchanged (8.0% y/y) after a 0.8% rise. Multi-family construction rose 2.6% (29.6% y/y) following a 2.7% increase. Single-family building eased 0.2% (+6.9% y/y) after a 0.9% rise. Spending on improvements fell 0.7% (+1.2% y/y), and has been declining for ten months.
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, %)||Jan||Dec||Nov||Jan Y/Y||2015||2014||2013|