Total U.S. construction spending continued to perform well in October, especially in the state and local sector.

Total U.S. construction spending continued to perform well in July, especially in the state and local sector.

Total U.S. construction spending continued to perform well in June, especially in the federal sector.

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in May, especially in the federal sector.

May’s ABI national overall score of 52.8 was up 0.8 points from April’s 52.0 but still in the expansionary zone, (>50). U.S. architecture firms with emphasis on commercial and/or institutional specialization reported exceptional strong billings.

The May Bureau of Labor Statistics producer prices index, (PPI), all commodities PPI, rose 1.6% for the highest m/m gain since January 2017. On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.3%.