Economy
August 12, 2014
Dodge Momentum Index Drops in July
Written by Sandy Williams
The Dodge Momentum Index, a monthly measure of initial reports for nonresidential building projects in planning, fell 4.4 percent in July after making gains the last three months. On a year-over-year basis the index is still 16.5 percent higher than the same month last year.
“The July decline, therefore, may simply be a return to a more sustainable pace following a spring bump,” according to McGraw Hill Construction.
