NFPA’s Econ and Market Indicators (EMI) report has been updated for December. The EMI report pulls together data from multiple sources to provide the latest trends for:
- Customer Markets (U.S. Census Bureau)
- Economic Indicators (U.S. Census Bureau)
- Industrial Production (Federal Reserve)
- Capacity Utilization (Federal Reserve)
- Producer Price Index (Bureau of Labor Statistics)
Oxford’s Monthly Industry Briefings for January have been released and are available on the website. These reports contain the latest developments for eleven major industries around the globe with short industry briefs provided by Oxford Economics. These two-to-three-page briefs include a short-written summary, output/trend graphs, and an output table.
Highlights between the two reports on Construction Manufacturing include:
- As shown in the EMI report, total construction spending: manufacturing in the United States only increased .1% from November to December 2024. While 8.2% above December 2023 levels, total construction spending in this sector has been slowing down throughout 2024. In the graph below from the EMI dashboard, the 3/12 and 12/12 rates of change reflect the slowing growth rate total construction spending: manufacturing has been experiencing throughout 2024.
- Digging deeper into the segmentation of US construction spending, Oxford Economics updates on the allocation of construction spending in the US in their monthly industry briefing report. As seen in the graph below from Oxford’s January report, the residential and private non-residential spending has generally outpaced public non-residential spending.
- According to Oxford Economics’ latest Industry Briefing report on Construction, “US housing starts shot up 15.8% m/m in December rounding out 2024 on a high note. However, starts remained below 2023 levels by 4.4% at year-end.”
An excel file with all the raw data is also available to download for internal analysis. Members can view individual series and apply different calculations such as moving averages and rates of change.
Oxford Monthly Industry Briefings can be accessed at this link: https://www.nfpa.com/global-forecast-oxford-economics
If you have any questions about interpreting or using the data in this report, please contact Cecilia Bart at cbart@nfpa.com.
