Pit & Quarry, February 2013
IndUsTRY snAPshoT Nonresidential building rebounds The Dodge Momentum Index the monthly measure of the initial report for nonresidential building projects in planning rose 32 percent in December according to Mc Graw Hill Construction The December gain lifted the index to 949 up from Novembers revised 919 After showing a hesitant upward trend during the first seven months of 2012 the index settled back from August through October before stabilizing in November The December rebound brings the index back toward the 954 it reached in July The 954 mark was the highest reading reported throughout 2012 According to McGraw Hill Construction Decembers upturn may be the first sign that the uncertainty restraining construction plans is now easing The November election having passed and the fiscal cliff being averted for the time being are two events that may have helped the upturn Also the increase in December was due to a pickup in commercial building That segment jumped 9 percent relative to November New plans for stores and office buildings were stronger in December High Capacity Quality End Product Shape Reduced ced Maintenance Downtime ntime Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions Nov 2012 Oct 2012 Change Nonresidential Building 136764 131688 4 Residential Building 183890 177870 3 Nonbuilding Construction 100635 132560 24 Total Construction 421289 442118 5 Source McGraw Hill Construction Year to Date Construction Contract Value Unadjusted Totals in Millions 11 mo 2012 11 mo 2011 Change Nonresidential Building 134894 154784 13 Residential Building 148756 115973 28 Nonbuilding Construction 140728 139556 1 Total Construction 424378 410313 3 Source McGraw Hill Construction Nonbuilding construction tumbled for a second straight month although nonresidential and residential building picked up HP3 creative performance Technologically unique the new HP3 cone crusher offers unprecedented performance With an output and quality of finished products markedly superior to other machines in its class it also simplifies the flow and treatment of materials Its safe and easy maintenance ensures maximum reliability HP3 the ultimate cone crusher www metso com Visit Metso at Booth 621 8 PIT QUARRY February 2013 www pitandquarry com
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