Electrical Marketing’s Key Economic Indicators - May 25, 2012

New McGraw-Hill construction index shows growth. McGraw-Hill Construction recently launched the Dodge Momentum Index, a 12-month leading indicator of construction spending for nonresidential building. Based on a 91% correlation between construction planning reports published by Dodge and Commerce Department’s data on construction spending over the past 10 years, the index is intended to be an early and accurate leading indicator of future construction spending.

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TAGS: Economy News
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