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March 14, 2019

Dodge Momentum Index Slipped in February

Dodge Momentum Index Slipped in February

The Dodge Momentum Index lost 4.4 percent in February, falling to 146.9 from the revised January reading of 153.6.

The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first report for nonresidential building projects in planning, and has been shown to lead construction spending for nonresidential buildings by a full year.

Both components of the Momentum Index lost steam in February. The institutional component moved 5.9 percent lower, while the commercial component dropped 3.4 percent.

The average level of activity has fallen since the summer of 2018. From April through August, the Momentum Index averaged 158.6, while from September to February, it averaged 150.3—a decline of 5.2 percent. According to Dodge, this shift suggests that growth in construction activity will moderate over the coming year.

For more on the Dodge Momentum Index, click here.


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