After falling to a disappointing 49.5 in January (any score above 50 indicates an increase in billings), the national ABI rebounded to score 50.7 in February.

The PPI for all commodities moved up 4.1% year on year (y/y), in February on the heels of a 2.4% increase in January. The index has now increased for months in a row.

The Dodge momentum index moved up 2.3 points or 1.6% in February as the Institutional sub-index surged ahead 4.4% to an all-time high of 133.7. The commercial sub-index stalled in February falling back 0.3% to 152.3.

CPIP is based on construction spending work as it occurs. Data released by the US Census Bureau on March1^st reported that total construction spending increased 5.9% year on year for the 12 months ending January 2017.