05262020Tue
Last updateTue, 26 May 2020 2pm

Manufacturing & The Economy

Dodge Momentum Index Trips on COVID-19 in April

The Dodge Momentum Index moved 6.0% lower in April to 135.9 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%. The stage is set for an even weaker reading when the May data is released in June. 

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