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Dodge Momentum Index moves higher in July

from Dodge Data & Analytics

Dodge Momentum Index moves higher in July Dodge Data & Analytics Dodge Data & Analytics’ Dodge Momentum Index moved 3.4% higher in July to 124.7 (2000=1000) from the revised June reading of 120.5. 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. During the month, the commercial component increased 5.3% while the institutional component was unchanged. This month’s increase, Dodge noted, was the first in all of 2020. And since December 2019, the index has lost 18% with most of the decline coming in April when the COVID-19 pandemic led to numerous business shutdowns across the country. READ MORE

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