The Dodge Momentum Index fell in July, dropping 3.3% to 135.0 (2000=100) from its revised June reading of 139.6. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning.
Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors.
Nonresidential construction spending slipped 0.7 percent in the final month of 2016, but increased 4.6 percent over the previous year, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors (ABC).
The improved performance of the U.S. economy during last year’s third quarter gave way to a weaker period of growth in the fourth, according to analysis of U.S. Bureau of Economic Analysis data by Associated Builders and Contractors (ABC).
The Dodge Momentum Index moved 0.3 percent higher in November to 133.2 from its revised October reading of 132.7 (2000=100). The overall Momentum Index has now posted increases in 10 of the last 12 months, and stands 18 percent higher than its November 2015 reading.