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Dodge Momentum Index falls in June

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Dodge Momentum Index falls in June The Dodge Momentum Index dropped 6.6% in June to 121.5 (2,000=100) from a revised May reading of 130.1. The 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 institutional component of the index fell 11.7%, while the commercial component declined 3.5%. Dodge notes the index has shifted noticeably lower as the fallout from the recession continues to hold its grip on the construction sector. READ MORE

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