- 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 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|