The Dodge Momentum Index fell 8.4 percent in January after a strong 2022. This decline is far-reaching, including office, warehouse, retail and hotel activity. Even as economic growth slows in 2023, the index is still expected to work its way back to historical norms.
A new report by Dodge Construction Network has revealed that the Dodge Momentum Index (DMI) fell 8.4% in January to 201.5 from the revised December reading of 220.0. Last month, the commercial component of the DMI fell 10.0%, and the institutional component decreased by 4.7%. The weakness in.