- 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 November 1, 2016
The value of construction put-in-place fell 0.4% (-0.2% y/y) during September following a 0.5% August dip, revised from -0.7%. The value of construction spending has been moving sideways since the middle of last year, following strong gains from 2012 through 2015. A 0.5% increase had been expected in the Action Economics Forecast Survey.
Building activity in the private sector slipped 0.2% (+2.4% y/y), reflecting a 1.0% decline (+4.1 % y/y) in nonresidential construction, the first negative reading since April. Office construction eased 0.4% (+27.2% y/y), while commercial construction fell 2.4% (+5.9% y/y). Transportation building activity improved 0.6% (-6.4% y/y).
Residential building rose 0.5% (0.9% y/y) after a 1.2% drop. Multi-family building activity increased 2.0% (9.1% y/y), about as it did in August. The value of improvements increased 0.6% (4.0% y/y) following a 2.6% decline. Single-family building improved 0.1% (-2.9% y/y), leaving it 5.3% below the November peak.
Public sector building activity declined 0.9% (-7.8% y/y), leaving it 9.8% below the February peak. Commercial construction fell 12.2% (+5.0% y/y), and education facility activity was off 1.1% (-0.4% y/y). Highway & street construction, which is roughly one-third of the public sector total, improved 0.9% (-4.2% y/y) after declines during six of the prior seven months.
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, %)||Sep||Aug||Jul||Sep Y/Y||2015||2014||2013|