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Lower planning activity in office and hotel sectors resulted in a dip in the commercial component, and the total reading, for the Dodge Momentum Index, say officials for the Dodge Construction Network.
The Dodge Momentum Index, issued by Dodge Construction Network, fell 5.1% in April to 180.9 (2000=100) from the revised March reading.
The Dodge Momentum Index (DMI) slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0.
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, advanced 1.9% in February to 203.0 (2000=100) from the revised January reading of 199.3.
Commercial and institutional planning show improvements over the month, according to the Dodge Construction Network.