Dodge Momentum Index rises in August
The Dodge Momentum Index made a small gain in August, coming back from a 5.7 percent decline in July, according to McGraw Hill Construction. The index increased to 118.8 for the month, which is up .2 percent from the July reading.
The rise in the Dodge Momentum Index can be attributed to a 5 percent increase in institutional building plans and the introduction of five commercial projects valued at $100 million or more during the month of August. However, a 3 percent drop in commercial plans restrained further growth.
Despite the drop in commercial building plans in August and the decline in July, the index is now 13.9 percent higher than one year ago.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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