Dodge Momentum Index Up Slightly In October
November 13, 2023
Dodge Momentum Index Up Slightly In October
The Dodge Momentum Index increased by 1% in October moving to 181.7. This was up from the revised September score of 180.3. Commercial planning was up by 2.0% while institutional planning was down by 1.4%.
Sarah Martin, associate director of forecasting for Dodge Construction Network, stated “Heightened momentum in warehouse planning activity supported the commercial side of the Index this month, while muted education planning activity slowed the institutional portion.”
| Oct-23 | Sep-23 | % Change | |
| Dodge Momentum Index | 181.7 | 180.3 | 0.8% |
| Commercial Building | 211.8 | 207.6 | 2.0% |
| Institutional Building | 144.4 | 146.4 | -1.4% |
Martin continued, “Overall levels of planning activity remain robust and will support construction spending over the next 12 to 18 months.”
Year over year, The DMI was 8% lower than October of last year with -14% and +7% scores for the commercial and institutional components respectively.
Sources: For more information about the Dodge Momentum Index, visit the Dodge Data & Analytics website.
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