Market Update





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March 2018

The February Bureau of Labor Statistics producer prices index, (PPI) excluding food and energy, the final demand goods PPI rose 0.2% for the third consecutive month. The PPI for all commodities was up 0.8% month on month, (m/m).

The Dodge Momentum Index increased 0.5% to 142.6 in February from the revised January score. On a year on year, (y/y) comparison, the composite index was up 2.0%.

Total U.S. construction spending continued to perform well in January, especially in the public sector.

February 2018

January 2018 got off to a strong start for architecture firms as the national ABI recorded its highest score since 2007. This score of 54.7 was up from December’s 52.8 and reflects an increase in design services provided by U.S. architecture firms.

The January Bureau of Labor Statistics producer prices index, (PPI) for all commodities was up 0.7% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.4%. Most of the increase in this month’s numbers can be attributed to higher fuel prices.

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 1.1%, 12 months year on year, (y/y) to $166.6 billion, (B).

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