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%.

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.

Total U.S. construction spending came in above the consensus estimate in December.

The U.S. Census Bureau reported today that; new orders for durable goods orders increased $7.0 billion or 2.9% to $249.4B in December. New orders have increased in four of the past five months. November durable goods orders were revised upwards to +1.7% month on month.

The national ABI score for December fell-back from November’s 55.0 to 52.9 in December. This score still reflects an increase in design services provided by U.S. architecture firms. It also marks three consecutive months of readings of growth in design billings.

The December Bureau of Labor Statistics producer prices index, (PPI) for all commodities was up 0.3% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.5%. The all commodities index has moved higher in each of the last 13 months on a y/y basis.