- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller April 1, 2016
The value of construction put-in-place fell 0.5% during February following a 2.1% rise in January, revised from 1.5%. A 0.1% increase was expected in the Action Economics Forecast Survey. During the last three months, activity grew an average 0.8% per month.
Building activity in the private sector eased 0.1% (+12.5% y/y) following a 1.7% January jump. Activity has improved an average 0.6% per month in each of the last three months. A 1.3% decline (+12.4% y/y) in nonresidential building held back the overall increase. Residential building activity improved 0.9% (11.9% y/y), the same as in January. Single-family building rose 1.2% (10.6% y/y) after a 0.5% increase. Multi-family construction rose 0.9% (28.4% y/y) following a 3.6% increase. Spending on improvements rose 0.5% (6.9% y/y) for the second month.
Public sector building declined 1.7% (+9.1% y/y) following strength during the prior two months. In each of the last three months, activity grew an average 1.3%. Highway and street construction declined 2.1% (+27.1% y/y) while commercial construction gained 2.8% (49.3% y/y). Power construction rose 1.2%, unchanged y/y, but health care building rebounded 1.7% (-0.3% 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, %)||Feb||Jan||Dec||Feb Y/Y||2015||2014||2013|