- 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 December 1, 2016
The value of construction put-in-place increased 0.5% during October following little change in September, revised from -0.4%. September's figure also was revised up to 0.5%. October's reading was the highest level of activity since March. Construction was up 3.4% y/y following stronger growth from 2012 through 2015. The latest rise matched expectations in the Action Economics Forecast Survey.
Building activity in the private sector slipped 0.2% (+4.7% y/y), reflecting a 2.1% decline (+4.8% y/y) in nonresidential construction. Office construction fell 2.0% (+28.4% y/y), while commercial construction eased 0.7% (+6.1% y/y). Transportation building activity strengthened 5.1% (-9.5% y/y), but power construction declined 4.3% (+3.3% y/y).
Residential building increased 1.6% (4.7`% y/y) after a 0.6% improvement. Multi-family building activity improved 2.8% (11.4% y/y), the third straight month of strength. Single-family building also improved 2.8% (-1.6% y/y), and made up declines during the spring and summer. The value of improvements declined 0.6% (+13.0% y/y) after a 1.2% rise.
Public sector building activity jumped 2.8% (-0.6% y/y), but that left it 4.3% below the February peak. Commercial construction rebounded 10.4% (23.3% y/y) following a sharp September decline, and education facility activity increased 4.1% (11.7% y/y). Highway & street construction, which is roughly one-third of the public sector total, improved 1.9% (0.7% y/y) following a 2.8% September rebound.
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, %)||Oct||Sep||Aug||Oct Y/Y||2015||2014||2013|