Economy
September 8, 2017
Dodge Momentum Index Dips in August
Written by Sandy Williams
The Dodge Momentum Index, a measure of nonresidential construction projects in planning, dropped 2.4 percent to register 129.1 in August. Commercial planning led the decline, falling 8.7 percent, while institutional planning partially offset it with a gain of 7.3 percent. In general, commercial planning has seen a steep rise this year as large office building projects entered the planning cycle, said Dodge Analytics.
During August, eight projects of a value of $100 million or more entered the planning phase.
