Menu
Posted September 15, 2014

Dodge Momentum Index Shows . . . Not a Lot for August

The Dodge Momentum Index is a montly measure of initial reports for nonresidential projects in planning, shown to lead construction spending in this category by a year. It increased 0.2% in August after a 5.7% drop in July, according to McGraw Hill Construction, a division of McGraw Hill Financial. It's now at 118.8 - which is nearly 14% higher than last year.


The news release (click here) includes a chart showing how the index has shifted over time. The current data, the report suggests, continues to point to recover in nonresidential construction. The August data showed a 3.0% drop in commercial construction plans but a 5.0% increase in institutional construction projects in planning.

SPONSORED ADS