US Construction Spending m/m
- US Construction Spending m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Jun 3, 2024 | -0.1% | 0.2% | -0.2% |
May 1, 2024 | -0.2% | 0.3% | 0.0% |
Apr 1, 2024 | -0.3% | 0.7% | -0.2% |
Mar 1, 2024 | -0.2% | 0.2% | 1.1% |
Feb 1, 2024 | 0.9% | 0.5% | 0.9% |
Jan 2, 2024 | 0.4% | 0.6% | 1.2% |
Dec 1, 2023 | 0.6% | 0.4% | 0.2% |
Nov 1, 2023 | 0.4% | 0.4% | 1.0% |
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- US Construction Spending m/m News
- From think.ing.com|Jun 3, 2024
In Monday's US data flow we have a surprise drop in the May ISM manufacturing index to 48.7 from 49.2 (consensus 49.5) – remember that anything below 50 is a contraction. Regional surveys and the Chinese PMI, which we use as a guide for what may be happening on the West Coast in the absence of regional surveys for that part of the US, had suggested the prospect of a little changed outcome versus April. However, there was quite a sizeable drop in the new orders index (from 49.1 to 45.4) leaving it at its lowest level since May 2023. ...
- From breakingthenews.net|Jun 3, 2024
Construction spending in the United States amounted to $2.09 trillion in April, falling 0.1% compared to the previous month's revised figure, the US Census Bureau revealed in a report on Monday. Year over year, however, the number jumped 10%. During the first four months of 2024, construction spending stood at $635.5 billion, surging 10.9% in comparison to the same timeframe in 2023. Private construction spending was down 0.1% month on month in April, amounting to $1.61 trillion, while public construction spending was at $487.1 ...
- From think.ing.com|May 1, 2024|1 comment
Ahead of today’s Federal Reserve FOMC meeting we have had some fairly subdued US activity numbers. The ISM manufacturing index dropped back into contraction territory in April at 49.2 from 50.3 (consensus 50.0). Production held just above the break-even 50 level at 51.3, but new orders are contracting again at 49.1, the lowest level since December, while the employment component came in at 48.6, the 7th consecutive sub-50 print and the 13th sub-50 reading in the past 15 months. Prices paid jumped to 60.9 from 55.8, but this is a ...
- From floordaily.net|May 1, 2024
Construction spending during March 2024 was estimated at a seasonally adjusted annual rate of $2,083.9 billion, 0.2% below the revised February estimate of $2,087.8 billion, according to the Department of Labor. The March figure is 9.6% above the March 2023 estimate of $1,901.4 billion. During the first three months of this year, construction spending amounted to $461.0 billion, 10.6% above the $416.7 billion for the same period in 2023. Spending on private construction was at a seasonally adjusted annual rate of $1,600.8 billion, ...
- From think.ing.com|Apr 1, 2024
The February reading of the ISM manufacturing index has unexpectedly risen above the break-even 50 level – the first time it has happened since September 2022. By moving into expansion territory the survey offers hope that the manufacturing sector is finally stabilising after nearly 18 months of contraction and follows on from an upside surprise in Chinese manufacturing PMIs over the weekend. This may well be the key reason why the ISM performed so well since, as the chart below shows, the regional surveys we got beforehand fell. ...
- From floordaily.net|Apr 1, 2024
Construction spending during February 2024 was estimated at a seasonally adjusted annual rate of $2,091.5 billion, 0.3% below the revised January estimate of $2,096.9 billion, according to the U.S. Census Bureau. The February figure is 10.7% above the February 2023 estimate of $1,889.6 billion. During the first two months of this year, construction spending amounted to $298.1 billion, 11.9% above the $266.5 billion for the same period in 2023. Spending on private construction was at a seasonally adjusted annual rate of $1,617.1 ...
- From floordaily.net|Mar 1, 2024
Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2% below the revised December estimate of $2,105.8 billion, according to the U.S. Census Bureau. The January figure is 11.7% above the January 2023 estimate of $1,882.2 billion. Spending on private construction was at a seasonally adjusted annual rate of $1,623.4 billion, 0.1% above the revised December estimate of $1,622.3 billion. Residential construction was at a seasonally adjusted annual rate of $900.8 billion in ...
- From think.ing.com|Feb 1, 2024
In the wake of Jerome Powell’s pushback against the prospect of a March interest rates cut – see our Fed meeting reaction here – the market is now only pricing around 9bp for that meeting, effectively a 37% probability of a cut, having been near enough 100% priced at the start of the year. Today’s data hasn’t shifted that at all, but there are some interesting stories. On the dovish side, that could be used to argue for a March cut, we see that fourth quarter productivity was stronger than expected at 3.2% and consequently unit ...
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