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by Calculated Danger on 11/10/2025 02:38:00 PM
From Dodge Information Analytics: Dodge Momentum Index Falls Again 7% in October
The Dodge Momentum Index (DMI), issued by Dodge Development Community, decreased 7.1% in October to 283.3 (2000=100) from the upwardly revised studying of 304.8. Over the month, industrial planning declined 2.9% and institutional planning slowed by 15.2%. 12 months-to-date, the DMI is up 35% from the typical studying over the identical interval in 2024.
“After a number of months of record-breaking ranges, planning momentum slowed in October,” acknowledged Sarah Martin, Affiliate Director of Forecasting at Dodge Development Community. “Exercise stays strong throughout the board, particularly for knowledge facilities and hospitals. Nonetheless, latest development shouldn’t solely be attributed to good points in actual exercise. Anticipated will increase in labor and materials prices are additionally driving up undertaking bills and are inflating the general pattern within the DMI. Within the coming months, Dodge anticipates exercise to proceed to decelerate on common, particularly as macroeconomic dangers proceed to mount.”
On the industrial aspect, exercise slowed down for warehouses and motels, whereas planning momentum was sustained for knowledge facilities, conventional workplace buildings and retail shops. On the institutional aspect, training and healthcare planning have slowed down, after sturdy exercise in latest months. In the meantime, leisure and public planning continued to develop. 12 months-over-year, the DMI was up 52% when in comparison with October 2024. The industrial phase was up 54% (+43% when knowledge facilities are eliminated) and the institutional phase was up 49% over the identical interval.
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The DMI is a month-to-month measure of the worth of nonresidential constructing tasks going into planning, proven to steer development spending for nonresidential buildings by a full yr.
emphasis added
Click on on graph for bigger picture.
This graph exhibits the Dodge Momentum Index since 2002. The index was at 283.3 in October, down from 304.8 the earlier month.
In accordance with Dodge, this index leads “development spending for nonresidential buildings by a full yr”. This index suggests a pickup in mid-2025, nevertheless, uncertainty would possibly affect these tasks.
Business development is usually a lagging financial indicator.
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