Dodge Momentum Index Flat in May

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The Dodge Momentum Index moved a scant 0.1% lower in May to 129.2 (2000=100) from the revised April reading of 129.4. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial component of the momentum index rose 1.0% during the month, while the institutional component dropped 1.9%. The resilience of the momentum index over the last two months has been remarkable in the face of the COVID-19 crisis … Read more

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Dodge Momentum Index Moves Higher in December

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The Dodge Momentum Index increased 1.5% in December to 156.2 (2000=100) from the revised November reading of 153.9. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of the momentum index rose over the month – the institutional component gained 2.3%, while the commercial component rose 0.9%. For the full year, the momentum index averaged 141.9, a decline of 3.7% from 2018’s average. In 2019, the commercial … Read more

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Dodge Momentum Index Posts Recent Gain

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The Dodge Momentum Index moved 4.1% higher in September to 143.6 (2000=100) from the revised August reading of 137.9. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The gain in September was due entirely to an 8.9% increase in the commercial component, while the institutional component fell 4.8%. For the third quarter, the overall momentum index averaged 140.1, a scant increase of 0.7% from its average in the … Read more

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Dodge Momentum Index Dips in April

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The Dodge Momentum Index fell 0.5% in April to 144.3 (2000=100) from the revised March reading of 145.1. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The retreat in April was the result of the commercial component falling 1% while the institutional component rose a scant 0.2%. The momentum index has clearly lost some impetus over the last 12 months. The overall momentum index is down 8.5% since … Read more

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Dodge Momentum Index Inches Higher in March

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The Dodge Momentum Index increased 0.5% in March to 145.5 (2000=100) from the revised February reading of 144.8. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The March uptick was due to a 2.8% increase in the commercial component of the momentum index, while the institutional component fell 3%. The overall momentum index has essentially moved sideways and stayed within a very narrow band of activity since the … Read more

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