Economy
November 8, 2019
Dodge Momentum Index Moves Higher in October
Written by Sandy Williams
The Dodge Momentum Index increased 6.9 percent in October to 152.6 from a revised September reading of 142.7. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first report for nonresidential building projects in planning, which has been shown to lead construction spending for nonresidential buildings by a full year.
Institutional planning projects drove October’s increase, moving 22.8 percent higher in the month while commercial planning dipped 0.5 percent.
