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 [...]

December 2017

U.S. Infrastructure Spending

Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that total infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 4.4% three months year on year, (y/y) to $51.8 billion, (B). On a twelve month y/y comparison, spending was down 5.0% to $166.5. Momentum was positive at 0.6%. Table 1 presents [...]

Dodge Momentum Index

After a big decline in September, the Dodge Momentum Index has rebounded 33.9 points or 29.3% over the past two months, 15.7 points in October and 18.2 points in November. The index now boosts its highest reading ever, eclipsing the February high of 144.0. The commercial and institutional sub-indexes posted significant increases for the month. [...]

November 2017

Portland Cement Shipments

U.S. cement consumption fell in September to 9.32 million, (Mt) short tons from August’s strong volume of 10.27Mt. For the three months total (3MMT), ending September, national Portland cement shipments were flat year on year (y/y), basis at 28.55Mt. Six of the nine census regions posted higher 3MMT cement shipments y/y. Figure 1 shows the three [...]

U.S. Infrastructure Spending

Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that total infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 5.3% three months year on year, (y/y) to $50.3 billion, (B). On a twelve month y/y comparison, spending was down 4.5% to $167.0B resulting in negative 0.8% momentum. Table 1 presents [...]