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Dodge Momentum Index Increase Suggests Construction Activity To Continue Strengthening into 2017

from ForConstructionPros.com

The Dodge Momentum Index moved 0.3 percent higher in November to 133.2 from its revised October reading of 132.7 (2000=100). The Momentum 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. The overall Momentum Index has now posted increases in 10 of the last 12 months, and stands 18 percent higher than its November 2015 reading. This suggests that construction activity should continue to strengthen in 2017. more


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