Dodge Momentum Index Falls in September
October 9, 2012

The Dodge Momentum Index was 94.7 for the month of September, a 0.8-percent drop from 95.4 in August, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. Although the longer term trend shows growth, the index is experiencing a short-term pause due to the presidential election, year-end expiration of the Bush tax cuts and automatic spending cuts, according to the report. The commercial segment was affected more, dropping 5.4 percent in September rather than the institutional building sector which rose by 4.0 percent.