Dodge Momentum Index Inches Up in November

  • Posted on

NEW YORK, N.Y. – The Dodge Momentum Index moved 0.3 percent higher in November to 133.2 from its revised October reading of 132.7 (2000=100). The index 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 overall index has now posted increases in 10 of the last 12 months, and stands 18 percent higher than its November 2015 reading. This suggests that construction activity should continue to strengthen in 2017. The uptick for the index in November was due to … Read more

Filed under: Economic News, eNewsTagged with: ,

Dodge Momentum Index Moves Higher in October

  • Posted on

NEW YORK, N.Y. – The Dodge Momentum Index grew 4.1 percent in October to 133.6 from its revised September reading of 128.3 (2000=100). The index 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. October’s gain nearly reversed the loss in September, and returns the Momentum Index to the rising trend that began earlier in the year. The commercial component of the Momentum Index rose 6.1 percent in October, and is 20 percent above last year. This suggests … Read more

Filed under: Economic News, eNewsTagged with: ,

Dodge Momentum Index Stumbles in September

  • Posted on

NEW YORK, N.Y. – The Dodge Momentum Index fell 4.3 percent in September to 129.0 from its revised August reading of 134.8 (2000=100). The index 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 decline in September was the result of a 5.3 percent drop in institutional planning and a 3.6 percent decrease in commercial planning, retreating from the strong performance in August which benefited from an influx of large projects ($100 million+) into planning. September’s decline … Read more

Filed under: Economic NewsTagged with: ,

Dodge Momentum Index Continues Ascent in August

  • Posted on

NEW YORK, N.Y. – The Dodge Momentum Index grew 1.3 percent in August to 134.9 (2000=100), from its revised July reading of 133.2. The momentum index 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 move higher in August was the result of a 1.7 percent increase from July for institutional planning, as well as a 1 percent gain for commercial planning. August is the fifth consecutive month that the momentum index has increased, marking the longest … Read more

Filed under: Economic News, eNewsTagged with: ,

Dodge Momentum Index Inches Higher in July

  • Posted on

NEW YORK, N.Y. – The Dodge Momentum Index moved slightly higher in July, increasing 0.5 percent to 134.7 (2000=100) from its revised June reading of 134.1. The momentum index 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. July’s modest rise follows a substantial increase in June, which saw the index climb 10.9 percent from the previous month. The index has now moved higher in four consecutive months, the first such string of increases since late 2014. July’s … Read more

Filed under: Economic News, eNewsTagged with: ,