- 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 May 2, 2016
The value of construction put-in-place improved 0.3% during March (8.6% y/y) following a 1.0% February increase, revised from -0.5%. January's 0.3% decline was revised from a 2.1% rise. A 0.5% increase was expected in the Action Economics Forecast Survey. During all of Q1'16, construction activity grew at a 3.3% annual rate q/q, faster than the 0.6% rise in Q4'15.
Building activity in the private sector remained strong, and posted a 1.1% increase (9.6% y/y) following a 1.3% rise. Residential building expanded 1.6% (9.1% y/y) after a 1.7% gain. Multi-family construction led the gain with a 5.6% rise (34.9% y/y), following two months of 2.5% and 4.1% growth. Spending on improvements added 2.4% (-8.9% y/y) to a 1.6% recovery from January's 14.6% plunge. Single-family building activity remained unchanged (+13.8% y/y) on the heels of strong monthly gains dating back to April of last year.
Private nonresidential building activity improved 0.7% (10.1% y/y), about the same as it did in February. Transportation building activity jumped 11.3% (13.0% y/y) after a 0.9% decline. Communication spending rose 3.7% (13.1% y/y) , but office building fell 0.8% (+23.6% y/y). Commercial building activity rose 0.8% (13.2% y/y) after a 3.2% jump.
Public sector building activity declined 1.9% (+9.1% y/y) after a 0.4% rise. Highway & street construction gained 0.4% (20.9% y/y) following sharp volatility during the prior two months. Commercial construction strengthened 8.8% (51.1% y/y) after 4.9% growth, but water supply activity fell 1.8% (-5.5% y/y) following a 2.5% rise. Power construction also fell 14.1% (-12.9% y/y) after a 4.0% increase.
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, %)||Mar||Feb||Jan||Mar Y/Y||2015||2014||2013|