PB's Highway Construction Cost Index (PB HCCI) increased approximately 0.8 index points, or 0.5%, in the month of June 2013 (compared with May 2013). This is the third month of increases after five consecutive months of decreases. In the month, construction labor increased 3.9% and was the primary driver for the monthly increase. Year over year, the index has decreased 3.8% since June 2012. It has increased 1.1% year-to-date. PB HCCI comprises the following six cost components: construction labor, construction equipment, steel, asphalt and asphalt binder, aggregate and concrete. The resulting index represents average highway-construction costs for the U.S. as a whole.
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