The U.S. Census Bureau reported that; new orders for durable goods orders gained 2.6% month on month, (m/m) in March, following the 3.5% increase in February. The always volatile nondefense aircraft orders, adding 44.5% m/m and 55.0% y/y saw the greatest growth out of all orders. The Advance Report on Durable Goods (DG), provides statistics [...]
March’s ABI national overall score of 51.0, down 1.0 point from February’s 52.0 but still well into the expansionary zone, (>50). Although business conditions in the northeast region softened, it remained strong in the West and South regions. The new projects inquiry index came in at 58.4, down 4.3 points from last month, while the [...]
The March Bureau of Labor Statistics producer prices index, (PPI) excluding food and energy, the final demand goods PPI rose 0.4% for the third consecutive month. The PPI for all commodities was down 0.2% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 3.9%. Figure 1 [...]
Total U.S. construction spending continued to perform well in February, especially in the public sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that January’s twelve month total, (12MT) construction expenditures grew by 3.7% year on year (y/y), to $1232.7 billion (B). On a 12MT basis, private expenditures advanced 5.5% y/y, while, State [...]
The U.S. Census Bureau reported yesterday that; new orders for durable goods orders gained 3.1% month on month, (m/m) in February, good news after the disappointing 3.5% decline in January. The always volatile nondefense aircraft orders, adding 25.5% m/m. Orders in the important core capital goods segment rose 1.8% m/m, the largest increase since September. [...]
According to the U.S. Census Bureau’s latest data, housing starts fell by 7.0% month on month, (m/m) in February to a seasonally adjusted annualized rate (SAAR) of 1,236,000 units. This figure was down 90,000 from January’s SAAR of 1,326,000 units. On a year on year, (y/y) basis, starts were exactly flat at 1,236,000. On a [...]
February’s ABI national overall score of 52.0 was down 2.7 points from January’s 54.7 but still well into the expansionary zone, (>50). U.S. architecture firms with emphasis on multifamily and/or institutional specialization reported exceptional strong billings. Regionally activity was especially strong in the West and Midwest. The new projects inquiry index came in at 62.4, [...]
The February Bureau of Labor Statistics producer prices index, (PPI) excluding food and energy, the final demand goods PPI rose 0.2% for the third consecutive month. The PPI for all commodities was up 0.8% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.0%. Inflation beyond [...]
The Dodge Momentum Index increased 0.5% to 142.6 in February from the revised January score. On a year on year, (y/y) comparison, the composite index was up 2.0%. The commercial sub-index posted a moderate decrease for the month, while the institutional index recorded a substantial increase for the month. The Dodge Momentum Index is a [...]
Total U.S. construction spending continued to perform well in January, especially in the public sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that January’s twelve month total, (12MT) construction expenditures grew by 3.7% year on year (y/y), to $1232.7 billion (B). On a 12MT basis, private expenditures advanced 5.5% y/y, while, State [...]
