Steel Markets
February 11, 2015
Dodge Momentum Index Dips in January
Written by Sandy Williams
The Dodge Momentum Index fell 4.8 percent in January as a result of decreased planning activity in both commercial and institutional construction sectors. The January decline to 121.1 follows a jump of 11.7 percent in final three months of 2014, continuing a hesitant upward trend. On a year over year basis, the Index rose 5.8 percent.
Institutional planning fell 10.2 percent in January, while commercial construction planning fell 0.4 percent. Plans for three new commercial projects exceeding $100 million were initiated last month—one in Texas and two in New York. Four institutional projects exceeding $100 million began planning in January.
