Dodge Momentum Index Moves Higher in October

Glass Magazine
November 8, 2019
COMMERCIAL, RETAIL, FABRICATION

The Dodge Momentum Index increased 6.9 percent in October to 152.6 (2000=100) from the revised September reading of 142.7. The Momentum Index, issued by Dodge Data & Analytics, 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. October’s increase was due entirely to a recovery in institutional planning projects, which had stepped back over the previous few months. 

Commercial projects meanwhile are 14.3 percent higher than October 2018 as several mega projects have entered the early stages of planning over the last several months. The overall Momentum Index is 6.7 percent higher than a year ago, although its level remains below the July 2018 peak.