August Construction Starts Decrease 6 Percent

Dodge Data and Analytics | September 23, 2019

New construction starts dropped 6% over the month in August to a seasonally adjusted annual rate of $807.1 billion, according to Dodge Data & Analytics. August’s decline breaks a string of three consecutive month-to-month gains. By major sector, nonbuilding construction fell 15% in August, reversing the large increases made in the previous month when several notable projects started. The declines in residential and nonresidential building were milder – falling 1% and 3% respectively in August.The August statistics lowered the Dodge Index to 171 (2000=100) compared to 182 in July, marking the lowest reading for the Index since May. Despite the month’s decline, the Index remains above its 2019 average of 167.

Spotlight

Oil and Gas engineering design services by Rockwell Automation. An overview of global capabilities within the oil and gas industry by Rockwell Automation, focusing on engineering design services. For more information visit www.discover-more.eu

Spotlight

Oil and Gas engineering design services by Rockwell Automation. An overview of global capabilities within the oil and gas industry by Rockwell Automation, focusing on engineering design services. For more information visit www.discover-more.eu

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