Dive summary:
- The Dodge Momentum Index, compiled by McGraw-Hill Construction to reflect project plans for nonresidential construction, went up by 3.2% last month, resuming growth that had stalled in August.
- The index is an indicator of activity about a year away and uses the year 2000 as its 100 mark.
- December came in at 94.9 and reversed a slide that started during investment uncertainty after July marked the 2012 high of 95.4.
From the article:
New plans for stores and office buildings were stronger in December, and several notable warehouse developments also bolstered the Index, including plans for two new Amazon distribution facilities in Dupont Wash., and Fort Worth, Texas.
