There are some projects underway, and the non-residential construction data show a bit of improvement.
Since then, construction data was revised downward which should prompt GDP to be revised to -0.3%.
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Reed Construction Data says that construction starts, excluding housing, increased 10.2% in the first three months of 2006.
But Joe Grice, chief economic adviser to the ONS, said the construction data was based on a survey of 8, 000 companies and had been carefully checked and double checked.
The construction data follows similar positive news from the manufacturing sector on Tuesday, which showed that UK manufacturing in January expanded at its fastest pace since records began in 1992.
Taken together with new inventory and construction data, this means that the second-quarter growth figure may turn out to have been just 1.2%, rather than the first estimate of 2.4%.
During 2009, Google had sufficient data center capacity and opted to delay the construction of a planned data center in Pryor, OK. The company mentioned in its earnings that it is very satisfied with its 2009 cap ex and plans to remain disciplined going forward.
Meanwhile, the construction of a new data center in North Carolina may herald an era of tighter integration between software and services at Apple.
The reasons for the profit drop include a jump in the cost of restricted stock units in the first quarter, as well as higher data center construction and marketing costs.
Given improved housing data the construction sector became the most overvalued by 14.2% with consumer staples close behind at 13.4% overvalued on the talk of strong Black Friday holiday sales.
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The latest U.S. economic news was Monday-morning blah: data on construction and manufacturing, two labor-intensive industries, showed recessionary pressures have not abated, givng whoever wins the presidential election on Tuesday a tough problem to deal with even before his term begins in January.
These cold storage data centers are under construction and are said to be five times more energy efficient than traditional HDD storage data centers, while allowing users to access old images anytime.
The index has been developed using data from existing quarterly indices of output from the production, services and construction sectors combined with agricultural output data and employee jobs data for the public sector.
However, recent data shows that construction spending in the US has been a bit sluggish.
Construction Sector DataThrough its cooperative data model, Sageworks collects financial statements for private companies from accounting firms, banks and credit unions, and aggregates the data at an approximate rate of 1, 000 statements a day.
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Traditionally contractors working on well construction and drilling have kept their data separately, and regarded the data as proprietary.
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Hatzius and Pandl looked at the recent payrolls data and then excluded construction jobs and found the trend remained unchanged.
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The estimate for construction output is based on published data for the first two months of the quarter, and an estimation for the third month.
The August ISM manufacturing survey, the August ADP Employment Report, July construction spending and August auto sales data will be published on Wednesday.
U.S. economic data due for release Friday includes the employment report, personal income and outlays, the ISM manufacturing report, construction spending and domestic auto sales data.
Activity data in the UK construction industry fell quicker than expected last month, driven mostly by the weakness in house-building (PMI construction: 48.7 from 49.3 in November).
Private companies working on everything from the foundation to the roof of buildings are generating double-digit sales growth as the construction sector strengthens, according to data from Sageworks, a financial information company.
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Construction starts for U.S. offices are rising from 2010, when they totaled 57 million square feet, the lowest since at least 1960, according to McGraw-Hill Construction, which began keeping national data that year.
The data, which measures the construction of new homes and apartments, is a slightly lower drop than the annual rate of 985, 000 units that economists polled by Thomson Financial had expected.
The news comes as Apple finishes construction of a new 500, 000 foot data center in Maiden, North Carolina.
U.S. economic data due for release Monday includes construction spending, the ISM manufacturing report and domestic auto sales.
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If you can do more work with fewer servers and less power, it may be possible to extend the life of a data center and avoid capital intensive construction.
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The reason: Some of our data and anecdotes come from industrial or construction site events.
This is due to inertia both in the way the data is estimated and in the actual construction process.
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