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Dodge Momentum Slows in September

The Dodge Momentum Index fell 8.4% in September, to 116.4 (2000=100) from the revised August reading of 127.1. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of …

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