12132018Thu
Last updateThu, 13 Dec 2018 5pm

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Manufacturing & The Economy

Construction Index Remains Strong in November

The Dodge Momentum Index surged again in November, climbing 13.9% to 149.5 from the revised October reading of 131.3. 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 November increase was the second month of strong gains after a four-month period of softness. On a year-over-year basis, the Momentum Index is now nearly 21% higher, with the commercial portion up 24% and the institutional side up 17%. The turnaround in October and November suggest that building activity should continue to expand in 2018. 

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