Construction fuel consumption dips 0.9% in March

Fuel consumption by the construction industry fell month-t0-month in March by 0.9 percent, according to the latest WEX Construction Fuel Consumption Index.

Annually, the index expanded and was up by 1.9 percent over March 2012. That marks the sixth consecutive month of annual growth for the index.

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.

As you can see, the index does a pretty good job of indicating construction activity as it typically trends pretty closely with construction put-in-place value.