Steel Markets
March 10, 2015
Dodge Momentum Index Gains in February
Written by Sandy Williams
The Dodge Momentum Index rose 4.3 percent to 126.3 in February from 121.1 in January, according to Dodge Data & Analytics. The index has shown volatility over the last three months, up in December down in January and up again in February. On a year over year basis the index is up 17 percent indicating an overall positive, if moderate, trend for nonresidential construction planning.
Planning activity in the institutional sector jumped 6.0 percent while commercial planning rose 3.3 percent. Seven projects exceeding $100 million entered into the planning phase in February—six commercial and one institutional. The largest is a $225 million public safety complex planned for Philadelphia, PA.
