- 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 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|