February 2018

Dodge Momentum Index

The Dodge Momentum Index fell 5.1% to 136.7 in January after a significant upward revision to the December score. On a year on year, (y/y) comparison, the composite index was up 1.4%. The commercial sub-index posted a significant decrease for the month, while the institutional index declined slightly. The Dodge Momentum Index is a monthly [...]

Portland Cement Shipments

U.S. national Portland cement shipments in November totaled 8.81 million, (Mt) short tons. For the three months total (3MMT), ending November, cement shipments were up slightly year on year, (y/y). Five of the nine census regions posted higher 3MMT cement shipments y/y. Figure 1 shows the three month moving average shipments in tons per month on [...]

­­­Construction Put-in-Place, (CPIP)

Total U.S. construction spending came in above the consensus estimate in December. This was the fifth month in a row of gains in construction expenditures. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that December’s twelve month total, (12MT) construction expenditures grew by 3.6% year on year (y/y), to $1226.9 billion (B). On a [...]

January 2018

U.S. Infrastructure Spending

Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 3.5% three months year on year, (y/y) to $51.2 billion, (B). On a twelve month y/y comparison, spending was down 1.1% to $172.9. Momentum was negative 2.4%. Table 1 presents three month [...]

Dodge Momentum Index

The Dodge Momentum Index increased 2.9% to 136.7 in December after a sizable downward revision to the November score. On a year on year comparison, the composite index was flat. The commercial sub-indexes posted a significant increases for the month, while the institutional index declined. The Dodge Momentum Index is a monthly measure of the [...]

Construction Put-in-Place, (CPIP)

For the second month in a row construction spending came-in above analysts’ expectations. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that November’s twelve month total, (12MT) construction expenditures grew by 3.7% year on year (y/y), to $1224.5 billion (B). On a 12MT basis, private expenditures advanced 6.1% y/y, while, State & Local [...]