- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller August 1, 2016
The value of construction put-in-place declined 0.6% (+0.3% y/y) during June after 0.1% May dip, revised from -0.8%. A 0.5% increase was expected in the Action Economics Forecast Survey.
Building activity in the private sector eased 0.6% (+2.5% y/y), led by a 1.3% drop (+2.5% y/y) in nonresidential construction after a 0.1% rise. Commercial construction fell 1.6% (+7.7% y/y) and transportation building fell 0.2% (+11% y/y). Increasing were amusement and recreation building by 1.2% (+7.1% y/y) and office construction by 0.6% (+19.6% y/y).
The value of residential building activity was unchanged (+2.6% y/y). Single-family construction declined 0.4% (+4.8% y/y), down for the fourth straight month. Multi-family construction activity fell 1.5% (+16.4% y/y) following a 3.0% increase, and the value of improvements rose 1.2% (-5.2% y/y) after a 1.0% rise.
The value of public sector building activity declined 0.6% (-6.0% y/y), down for the fourth straight month. Highways and streets construction fell 1.4% (-5.8% y/y) and educational building declined 0.5% (-4.8% y/y). Increasing was the value of health care construction by 1.0% (-0.7% y/y) and public safety by 0.6% (-6.6% 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, %)||Jun||May||Apr||Jun Y/Y||2015||2014||2013|