Industrial Insight

Construction down | November 10, 2015

Dodge Momentum Index drops 4.8%, erases September gains

By Kim Slowey | November 10, 2015

Dive Brief:

  • Driven by a 4.5% drop in the institutional sector and a 5% drop in commercial, the Dodge Momentum Index fell 4.8% in October, almost completely reversing September’s 5.8% gain, which was fueled by a rise in planned institutional building projects.
  • In October, planning for institutional building projects dropped 4.5% after surging 10.6% in September, while commercial building projects retreated 5.0% after September’s 1.7% gain.
  • Although both industrial and commercial performed poorly compared to their respective September gains of 10.6% and 1.7%, compared to the same month a year ago, the Momentum Index in October was still up 4.8%, with increases for both the commercial (6.3%) and institutional (2.6%) sectors.
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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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