The Utility & Communications Construction Index (UCC Index), updated to exclude Willbros Group due to its acquisition, presents the performance of the sector's publicly traded stocks over a three-year period (Figure 1) one-year period (Figure 2) and year-to-date (Figure 3). Notably, the revised UCC Index has performed better than the S&P 500 over a three-year period and over the last 12 months, as infrastructure construction and repair have been strong drivers of the sector. Year-to-date, we see a decline, as earnings have lagged and trade concerns, specifically related to steel pipelines, have affected the segment.
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