Dodge Momentum Index rises in February

By |  March 6, 2015

The Dodge Momentum Index increased 4.3 percent to 126.3 in February from 121.1 in January, according to Dodge Data & Analytics. The index has exhibited somewhat of an alternating pattern of late, up in December, down in January and up in February.

Despite the volatility, the overall trend for the index continues to be positive, as it now stands 17 percent higher than one year ago.

Dodge Data reports a rise in planning activity for the commercial and institutional sectors influenced the February increase. The institutional sector increased 6.0 percent, while the commercial sector rose by 3.3 percent. There were seven projects exceeding $100 million that entered planning in February, comprised of six commercial projects and one institutional project.

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