by Calculated Danger on 8/09/2022 11:32:00 AM
From Dodge Knowledge Analytics: Dodge Momentum Index Strikes Larger In July
The Dodge Momentum Index (DMI) elevated 2.9% in July to 178.7 from the revised June determine of 173.6.
The Momentum Index, issued by Dodge Development Community, is a month-to-month measure of the preliminary report for nonresidential constructing initiatives in planning. The index is proven to steer development spending for nonresidential buildings by a full yr. In July, the industrial element of the Momentum Index rose 5.5%, whereas the institutional element fell 2.0%.
Business planning in July was led by a rise in information middle, workplace and warehouse initiatives, whereas fewer schooling and healthcare initiatives drove the institutional element decrease. In comparison with July 2021, the Momentum Index was 8%. The industrial element was 15% larger, whereas the institutional element was 3% decrease than a yr in the past.July 2021.
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Click on on graph for bigger picture.
This graph reveals the Dodge Momentum Index since 2002. The index was at 178.7 in July, up from 173.6 in June.
In line with Dodge, this index leads “development spending for nonresidential buildings by a full yr”. This index steered a decline in Business Actual Property development via most of 2021, however a strong pickup this yr and into 2023.