View the Archive..September 02, 2014US CONSTRUCTION SPENDING, JULY 2014
U.S. construction spending increased 1.8 percent in July 2014 to a seasonally adjusted annual rate of $981.3 billion. Compared to July 2013, construction spending was 8.2 percent higher.
Spending on private construction increased 1.4 percent from June 2014 to $701.7 billion (seasonally adjusted annual rate), 10.9 percent above the July 2013 estimate. Private residential construction increased 0.7 percent compared to the June 2014 estimate, and is up 8.0 percent compared to a year ago. Construction spending rose for both new single family (+9.4%) and multi-family (+41.0% compared to July of last year.
Private non-residential construction grew 2.1 percent in July and is up 14.1 percent compared to last year. In July 2014, over half of US private nonresidential construction spending was allocated to Power (28.5%), Manufacturing (16.9%), and Commercial (15.2%).
Public sector spending grew 3.0 percent from June 2014 to a seasonally adjusted annual rate of $279.6 billion, and is up 2.1 percent compared to July 2013. Construction spending fell for public residential (-15.9%) and grew slightly for public nonresidential (2.5%) compared to July of last year.
In July 2014, over half of US public nonresidential construction spending was allocated to Highway and Streets (30.9%), Educational (23.1%), and Transportation (10.9%).
US Census Bureau, September 2, 2014
August 29, 2014COMPENSATION OF EMPLOYEES Q2 2014
Nova Scotia's seasonally adjusted employee compensation (wages+salaries+employer social contributions) declined by 0.4 per cent in the second quarter to $5.33 billion, but compared to the second quarter of 2013 compensation was up 2.9 per cent. Wages and salaries increased 0.5 per cent in the quarter to $4.57 billion, a 2.9 per cent increase compared to 2013 Q2. Employers' social contributions were down 5.5 per cent to $758 million after an increases of 7.4 per cent in the previous quarter.
August 29, 2014CANADIAN ECONOMIC ACCOUNTS Q2 2014
Canadian GDP grew 3.1 per cent (all figures seasonally adjusted annualized rate) in the 2nd quarter 2014. This follows growth of 0.9 per cent in the previous quarter and 2.7 per cent in the fourth quarter of 2013. All sectors, except non-profit institutions serving households, had expanded economic activity. In terms of contribution to growth- household expenditures, residential investment and exports was partial offset by a decline in inventories and an increasing imports.
August 29, 2014CANADIAN ECONOMIC ACCOUNTS Q2 2014 CONTINUED
After a decline last quarter of growth, exports increased at a seasonally adjusted annualized 17.8 per cent on higher passenger cars and light trucks, farm and fishing products, and forestry products and building packaging materials. Imports were up 11.1 per cent with contributions from increases in motor vehicles and parts, consumer goods, and basic and industrial chemical, plastic and rubber products. Imports of energy products and metal ores and concentrates were down.
August 29, 2014GDP BY INDUSTRY JUNE 2014
Canada's real GDP grew by 0.3 per cent in June 2014 to a seasonally-adjusted annual rate of $1.63 trillion dollars (chained (2007) dollars at basic prices). The previous month growth was 0.5 per cent for the month. Compared to June 2013, real GDP was 3.1 per cent higher.