Economy
July 10, 2015
Dodge Momentum Index Slips Again in June
Written by Sandy Williams
Building planning declined in June according to the Dodge Momentum Index published by Dodge Data & Analytics. The Index, which is a monthly measure of the initial report for nonresidential building projects in planning, dropped 1.3 percent to 118.3 from 119.9 in May.
Overall, the Index is just 2.2 percent higher than June 2014 and indicates a “lackluster performance thus far in 2015,” according to Dodge. As indicated by the graph the momentum trend has been on a decline since the beginning of the year.
