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Project Planning Revs Up in October

With a pair of Facebook data centers in Virginia representing the largest projects to enter planning during the month, October's increase nearly wiped out the previous four months' erosion, according to Dodge data.

By Paul Bubny | Updated on November 07, 2017

Facebook in October announced two data centers to be built outside Richmond, VA. (Image courtesy of Facebook)

NEW YORK CITY—The Dodge Momentum Index, which represents the initial report on nonresidential projects in planning, rose in October after declining for the past four months, Dodge Data & Analytics said Tuesday. With the year 2000 as the benchmark of 100, the index rose 13.2% to 130.9 from the revised September reading of 115.6.

October’s gain nearly erased the erosion of prior months, including the 7.9% decline posted in September. From September to October, the commercial portion of the Momentum Index advanced 16.8%, while the institutional portion grew 8.3%, according to Dodge.

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