Dodge Momentum Index Eases Back in March

NEW JERSEY – April 2, 2020 – The Dodge Momentum Index declined by a scant 0.6% in March to 146.5 (2000=100) from the revised February reading of 147.4. 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. The drop in March was present in both components of the Momentum Index – the commercial component fell 0.8%, while the institutional component was 0.2% lower.

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