What is Macro Pulse?

Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
Macro Pulse's timely yet in-depth coverage.

Friday, September 1, 2017

July 2017 Construction Spending

Click image for larger view
Construction spending during July 2017 was estimated at a seasonally adjusted annual rate (SAAR) of $1,211.5 billion, 0.6% (±1.5%)* below the revised June estimate of $1,219.2 billion (originally $1,205.8 billion); consensus expectations were for +0.6%. The July figure is 1.8% (±1.8%)* above the July 2016 SAAR of $1,189.8 billion; the not-seasonally adjusted YoY change (shown in the table below) was +1.2%. During the first seven months of this year, construction spending amounted to $691.2 billion, 4.7% (±1.3%) above the $659.9 billion for the same period in 2016.
* 90% confidence interval includes zero. The U.S. Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero. 
Click image for larger view
Private Construction
Spending on private construction was at a SAAR of $945.5 billion, 0.4% (±1.0%)* below the revised June estimate of $949.4 billion.
- Residential: $517.5 billion, +0.8% (±1.3%)*;
- Nonresidential: $428.0 billion, -1.9% (± 1.0%).
Public Construction
Public construction spending was $266.0 billion, 1.4% (±2.6%)* below the revised June estimate of $269.8 billion.
- Educational: $66.2 billion, -4.4% (±3.9%);
- Highway: $84.8 billion, +0.1% (±6.9%)*. 
Click image for larger view
Click here for a discussion of July’s new residential permits, starts and completions. Click here for a discussion of new and existing home sales, inventories and prices.
The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.