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April 11, 2019

Dodge Momentum Index Nudges Higher in March

Dodge Momentum Index Nudges Higher in March

The Dodge Momentum Index inched up 0.5 percent in March to 145.5 from the revised February reading of 144.8.

The Momentum Index, which is issued by Dodge Data & Analytics, is a monthly measure of the first report for nonresidential building projects in planning and has beenn shown to be a leading economic indicator. The March increase was due to a 2.8 percent increase in the commercial component of the Momentum Index, while the institutional component fell 3.0%.

The Momentum Index has stayed within a very narrow band since the fall of 2018. According to Dodge, this is indicative of building markets at the later stages of the construction cycle.

According to the report, "While economic growth is expected to ease from 2018’s strong pace, relatively healthy real estate markets fundamentals and continued support for public projects such as a schools and transportation terminals should enable planning activity to remain close to recent levels for the near term."

For more information on the Momentum Index, click here.


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