Dodge Data & Analytics reports 16% increase in new construction starts, to a seasonally adjusted $809.2 billion.
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Information, professional, scientific and technical services, and durable goods manufacturing were the leading contributors to the increase in real GDP in 2018.
Year-to-date, the goods and services deficit decreased 7.6% from the same period in 2018.
In volume terms, manufacturing sales decreased 0.5% in February.
Manufacturing production was unchanged during the month.
The year-to-date total was $735.2 million, less than 1% off the year-to-date total at this point last year.
The unemployment remained at 3.8% during the month.
Annualized growth through February was 11%.
The Measure now reads 43, up from 42 in the fourth quarter of 2018.
The decrease follows a 0.1% January increase.
Real gross domestic income increased 1.7% in the fourth quarter.
The goods and services deficit was $51.1 billion in January, down $8.8 billion from December.
The Index now stands at 124.1, down from 131.4 in February.
As we wrap up the first quarter of 2019, MDM is hearing distributors confirm the recent warnings by business economists of a tapering economic cycle on the back side of a record 2018: leading indicators point in the same direction. No one can accurately predict if, when or how deep a market downturn might unfold.
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The CFNAI Diffusion Index decreased to +0.12 during the month.
Manufacturing production fell 0.4% during the month.
Sales rose in 15 of 21 industries.
The unemployment rate declined 0.2% in February.
