As reported June 7, 2018, by www.construction.com/news –
The Dodge Momentum Index made small gains in May, moving 1.8% higher to 167.8 from the revised April reading of 164.9.
May’s gain was the result of a 4.7% increase by the commercial component of the Momentum Index, while the institutional component fell 2.4%.
The Momentum Index has posted solid gains through the first five months of 2018, rising 19% from the same period of 2017 and reaching a level not seen since mid-2008.
Recent gains suggest that construction spending for nonresidential buildings should remain healthy through the rest of 2018.
For more information visit https://www.construction.com/news/dodge-momentum-index
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