- 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 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|