PB's Highway Construction Cost Index (PB HCCI) decreased approximately 2.9 index points, or 1.7%, in the month of February 2015 (compared to January 2015). In the month, asphalt and steel decreased 10% and 2%, respectively, and were the primary drivers for the monthly decrease. The decrease was partially offset by an increase in construction labor of 2%. All other components saw a change of less than 1%. Year over year, the index has decreased 3% since February 2014.
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