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Construction fuel consumption falls 0.74% in April

Posted By Wayne Grayson On May 21, 2013 @ 9:36 am In Construction News | No Comments

WEX FCI April 13 [1]The WEX Construction Fuel Consumption Index fell for the second consecutive month in April, indicating a slowing in construction activity.

The construction industry’s fuel consumption fell by by 0.74 percent in April after falling an adjusted 1.2 percent in March. The original reading was a dip of 0.9 percent.

Nevertheless, WEX notes that April marks the seventh consecutive month of year-over-year gains. Fuel consumption in April was up 3.2 percent from April 2012.

The index measures national fuel consumption statistics for the construction industry to provide an month-to-month measure of construction activity in the United States.

To illustrate the accuracy of fuel consumption as an activity indicator, WEX plots fuel consumption alongside construction put-in-place in the chart above.

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[1] Image: http://www.equipmentworld.com/files/2013/05/Screen-Shot-2013-05-21-at-9.28.30-AM.png

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