December 7, 2020

DMI Down in November

The Dodge Momentum Index dropped 2.6% in November, moving to 123.3. This was down from the revised October reading of 126.5. The commercial component of the index was down 1.6%. The institutional component was down 4.4%.

Describing the factors leading the stalled growth, Dodge Data & Analytics stated, “Since the expiration of support programs in the CARES Act, the economy has struggled to maintain traction and in its wake planning for nonresidential building projects has slowed. As the next wave of COVID-19 infections quickly approaches, economic growth and job gains will ease further. Additionally, uncertainty over the potential for further federal stimulus has significantly complicated the recovery and will continue to negatively impact nonresidential building throughout the planning and construction processes.”