Construction MMI: Construction spending gains, pace of ABI growth slows

The Construction Monthly Metals Index (MMI) rose by 3.3% for this month’s reading, as construction spending picked up in November. U.S. construction spending reached a seasonally adjusted annual rate of $1,625.9 billion in November, or up 0.4% from October, the Census Bureau reported. Furthermore, the November rate marked a 9.3% year-over-year increase. Meanwhile, through the…

The post Construction MMI: Construction spending gains, pace of ABI growth slows appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Construction Monthly Metals Index (MMI) rose by 3.3% for this month’s reading, as construction spending picked up in November. U.S. construction spending reached a seasonally adjusted annual rate of $1,625.9 billion in November, or up 0.4% from October, the Census Bureau reported. Furthermore, the November rate marked a 9.3% year-over-year increase. Meanwhile, through the...

The post Construction MMI: Construction spending gains, pace of ABI growth slows appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.