Dodge Momentum Index experiences 0.7% increase in February, supported by data center planning
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Dodge Construction Networks Dodge Momentum Index (DMI) grew 0.7% in February to 225.6 from the revised January reading of 223.9. Over the month, commercial planning increased by 3.3%, while institutional planning dropped 4.6%.Planning momentum moderated in February, after a few months of stronger growth, said associate director of forecasting at Dodge Construction Network, Sarah Martin. Data centers continue to prop up growth in the overall index. Without them, the DMI would have decreased 2% this month. Increased uncertainty around material prices and fiscal policies may begin to weigh on planning decisions, but for the time being, planning activity is largely continuing to move forward.Related on Archinect: Architecture billings remain in the red, leading to job losses across the industryIn the commercial sector, data centers, traditional office buildings, and retail planning led the gains in February. On the other hand, weaker education planning brought down the institution...
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