Dodge Momentum Index Dips in August
As a result of stunted institutional planning, the Dodge Momentum Index fell by 1.2 percent in August to 171.9 from the revised July figure of 174.0.
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As a result of stunted institutional planning, the Dodge Momentum Index fell by 1.2 percent in August to 171.9 from the revised July figure of 174.0.
The Dodge Momentum Index jumped 7 percent in May to 176.2 (2000=100), up from the revised April reading of 165.2.
Commercial and institutional planning both higher during the month
The Dodge Momentum Index moved 4 percent higher in March to 166.9 (2000=100), up from the revised February reading of 160.3. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
The Dodge Momentum Index fell 3 percent in December to 166.4 (2000=100), down from the revised November reading of 170.7.