Dodge Momentum Index Gains 4.1 Percent in September

Industry News / Industry Statistics

October 9, 2019

Dodge Momentum Index Gains 4.1 Percent in September

The Dodge Momentum Index moved 4.1 percent higher in September to 143.6 from the revised August reading of 137.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

The gain in September was due entirely to an 8.9 percent increase in the commercial component, while the institutional component fell 4.8 percent.

For the third quarter of 2019, the Momentum Index averaged 140.1, up only 0.7 percent from its average in the previous quarter.

Compared to the third quarter of 2018, the Momentum Index is 8.6 percent lower, with the commercial component 3.7 percent lower than a year ago and the institutional component down 16.2 percent.

While the dollar volume of projects in planning is lower than it was a year ago, the index has moved more sideways than downward over the last two quarters.

Click here for more information about the Dodge Momentum Index.

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