The Dodge Momentum Index moved 6 % lower in April to 135.9 (2000=100) from the revised March reading of 144.5. 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 pulled back during the month – the commercial component fell 7.6%, while the institutional component dropped 3.2%. COVID-19 had a significant negative impact on the economy in April, touching virtually all sectors — including … Read more