The Dodge Momentum Index moved up 0.6 percentage point in June to 134.7 or +0.5% month on month, (m/m). On a 12 month moving average (12MMA), basis the index scored 135.8, flat y/y.

CPIP data released today (July 3rd), yielded mostly positive results. Overall total non-seasonally adjusted (NSA), constant dollar construction was up 4.4% year on year (y/y). Private expenditures advanced 7.6% y/y, while, State & Local contracted by 3.8% y/y.

The American Society of Civil Engineers (ASCE) issues a report card on the health of infrastructure in America on a four year cycle. The 2017 report was just released and the overall score was “D+” on an A to F scale, the same score as the previous report.

The PPI for all commodities came in at 192.9 off 0.10% month on month (m/m) but up 4.1% year on year (y/y), in May. This was first downward tick after five months of advances.

The Dodge momentum bounced back in May, up 5.4 points or 4.0% month on month. On a 12 month moving average (12MMA), basis the index scored 136.2, up 1.2%.

April CPIP data released June 1^st, yielded mixed results. Overall total construction recorded positive growth for both 3 month and 12 month year on year, (y/y) comparisons. Private expenditures showed growth on both time metrics as well.