Dodge Momentum Index Drops in April

Industry News / Market Forecast

May 14, 2019

Dodge Momentum Index Drops in April

The Dodge Momentum Index fell 0.5 percent in April to 144.3 from the revised March reading of 145.1.

Issued by Dodge Data & Analytics, the Momentum Index 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. The decline in April was due to the commercial component falling 1.0 percent while the institutional component rose just 0.2 percent.

Over the past twelve months, the Momentum Index is down 8.5 percent, with the commercial component 4.7 percent lower and the institutional component down by 13.9 percent. Neverthless, Dodge analysts say “There continues to be a reasonably healthy number of projects in the planning pipeline to support a moderate level of construction activity in the coming months.”

For more on the Dodge Momentum Index, click here.

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