To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionDodge Momentum Index shows gains in May
The Dodge Momentum Index (DMI) jumped 7 percent in May to 176.2 (2000=100), up from the revised April reading of 165.2. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning shown to lead construction spending for nonresidential buildings by a full year. In May, the institutional component of the Momentum Index rose 9 percent, and the commercial component increased 6 percent.
May’s increase in t
