The Dodge Momentum Index rose 4.7percent in Januaryto 157.7 (2000=100) from the revised December reading of 150.6. 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.
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Dodge Momentum Index Lower in December; Up for Year
The Dodge Momentum Index fell 4.9 percent in December to 151.9 (2000=100) from the revised November reading of 159.7. 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.
Read MoreDodge Momentum Index Ends 2017 on High Note
The Dodge Momentum Index grew 3.6 percent in December to 153.9 (2000=100) from the revised November reading of 148.6. 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.
Read MoreDodge Momentum Index Declines in September
The Dodge Momentum Index fell in September, moving 8.4 percent lower to 116.4 (2000=100) from the revised August reading of 127.1. 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.
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