11212017Tue
Last updateTue, 21 Nov 2017 4pm

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Manufacturing & The Economy

Dodge Momentum Index Recovers in October

The Dodge Momentum Index rose in October, climbing 13.2% to 130.9 (2000=100) from the revised September reading of 115.6. 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 move higher in October nearly reversed the erosion of the past four months (including September’s 7.9% decline), with October posting healthy gains in both sectors. From September to October the commercial portion of the index advanced 16.8%, while the institutional portion grew 8.3%. 

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