- Korea: GDP (Q4); Thailand Auto Sales (Feb)
- Turkey: Capacity Utilization, Business Tendency survey (Mar); South Africa: Tourism & Migration (Jan), Manufacturing Survey (Q1)
- Croatia: Tourism (Jan); Montenegro: Foreign Trade (Feb); Czech Republic: CPI by COICOP (Feb), Registered Employment (Q4); Kazakhstan: Loans & Deposits (Feb); Slovenia: Business Cycle Indicators (Mar); Russia: Employment by Industry (Q4);
- more updates...
Economy in Brief
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...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
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|