Dodge Momentum Index Stumbles in July

The Dodge Momentum Index fell in July, dropping 3.3 percent to 135.0 (2000=100) from its revised June reading of 139.6. 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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MSHA Issues a New Serious Accident Alert

The Mine Safety and Health Administration (MSHA) has issued a new serious accident alert. The accident occurred on June 29. 

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MSHA: No Mining Operations Meet POV Criteria

The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) announced that – for the third consecutive year – none of the nation’s more than 13,000 mining operations meets the criteria for a Pattern of Violations notice. The screening period started on July 1, 2016, and ended on June 30, 2017.

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Construction Spending Down for Month; Up for Year

Construction spending during June 2017 was estimated at a seasonally adjusted annual rate of $1,205.8 billion, 1.3 percent (±1.5 percent) below the revised May estimate of $1,221.6 billion. The June figure is 1.6 percent (±1.8 percent) above the June 2016 estimate of $1,186.4 billion.

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Vulcan's Aggregates Business Reaps Record Results

Vulcan Materials Co. announced results for the second quarter ended June 30, 2017. Total revenues increased $74 million, or 8 percent, to $1.03 billion. Gross profit was $292 million, in line with the prior year. Net earnings were $120 million and Adjusted EBITDA was $288 million.

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