-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI DATA ANALYSIS: US Construction Spending Flat In January>
--Private Nonresidential Spending -1.5%; Residential +0.3%
--Public Construction Spending Up 1.8%
--Total Construction Spending Highest Level On Record
By Holly Stokes and Sara Haire
WASHINGTON (MNI) - Construction spending was flat in January,
falling short of the expected 0.3% gain, this was mainly due to private
construction seeing a 0.5% decline while public construction was able to
negate the decline with a 1.8% rise, data released by the Commerce
Department Thursday morning showed.
Analysts surveyed by MNI had expected total construction spending
to rise by 0.3%, adding to December's 0.7% rise. However, with the
latest data, December construction was revised up 1pp to a 0.8% gain,
while November was revised up to a 1.2% increase from the 0.6% increase
previously reported.
--TOTAL PRIVATE SPENDING DOWN
Private nonresidential construction saw a 1.5% decline in January.
The categories were mixed, with increases in lodging, amusement and
recreation, transportation, communication, and manufacturing. These
were unable to offset the large declines in power (-6.2%), commercial
(-2.7%), office, healthcare, education, and the religious category.
Private residential construction spending was up 0.3% in the month,
while home building ex. new homes, also known as remodeling, rose 0.2%
according to an MNI calculation. New homes saw a 0.3% rise, also based
on an MNI calculation. Single-family building registered an increase of
0.6%, while multi-family building posted a 1.3% decrease from December.
--PUBLIC SPENDING UP
Public construction spending saw a 1.8% gain in January following a
sharp upward revision to a 1.8% gain in December from the 0.3% rise
previously reported.
The gain in public construction reflected a 14.9% surge in Federal
Government spending, jumping to the highest level seen since September
2011. State and local building also added to the large gain, albeit
softer than Federal Government spending, with a 0.5% increase in the
month.
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: MAUDS$,M$U$$$,MAUDR$,MT$$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.