Dodge Momentum Index Stumbles in April
May 8, 2020
Commercial & Institutional Planning Down in April
The Dodge Momentum Index dropped by 6.0% in April, scoring 135.9. This was down from the revised March reading of 144.5.
Both the commercial and institutional components were down by 7.6% and 3.2% respectively.
Addressing the downturn, Dodge Data & Analytics stated, “COVID-19 (Coronavirus) had a significant negative impact on the economy in April, touching virtually all sectors — including construction. Planning activity clearly downshifted, although that downshift has not been fully realized in the published index since the Momentum Index is a three-month moving average. This sets the stage for an even weaker reading when the May data is released in June.”