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).

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.

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).

The November Bureau of Labor Statistics producer prices index, (PPI) for all commodities was up 0.5%, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.4%. The all commodities index has moved higher in each of the last 12 months on a y/y basis.

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).

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.