Aggregates Production Dips in First Quarter

The estimated U.S. output of construction aggregates produced and shipped for consumption in the first quarter of 2017 was 426 million metric tons (Mt), a decrease of 3 percent compared with that of the same period of 2016. The revised estimated annual output produced for consumption in 2016 was 2.30 billion metric tons (Gt), a slight increase compared with the annual output for 2015. This was previously reported as 2.33 Gt.

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Dodge Momentum Index Resumes Growth in May

Following a dip in April, the Dodge Momentum Index advanced 4.0 percent in May to 139.1 (2000=100) from its revised April reading of 133.7. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. 

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Construction Spending Down for Month; Up for Year

Construction spending during April 2017 was estimated at a seasonally adjusted annual rate of $1,218.5 billion, 1.4 percent (±1.0 percent) below the revised March estimate of $1,235.5 billion. The April figure is 6.7 percent (±1.5 percent) above the April 2016 estimate of $1,142.5 billion.

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Lakes Limestone Trade Down 5.4 Percent in May

Shipments of limestone on the Great Lakes totaled 3.6 million tons in May, a decrease of 5.4 percent compared to a year ago. May’s loadings were, however, slightly above the month’s five-year average.

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Progressive Group Calls for $2 Trillion Infrastructure Investment

The Congressional Progressive Caucus called for even greater investment in America's infrastructure than President Trump's $1 trillion plan. The group's plan invests $2 trillion over 10 years, employing 2.5 million Americans in its first year, to rebuild transportation, water, energy and information systems, while massively overhauling the country’s unsafe and inefficient schools, homes and public buildings. 

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