Steel Markets
January 9, 2016
Dodge Momentum Index Bounces Back in December
Written by Sandy Williams
The Dodge Momentum Index bounced back in December after a 3.6 percent decline the previous month. The Momentum Index, a measure of the initial report for nonresidential building projects in planning, rose 4.1 percent to post 125.2 in December. The increase was spread between commercial and institutional planning which rose by 3.6 percent and 4.7 percent, respectively. The index reading for commercial building in December was 123.1 and posted 127.9 for institutional building.
On a year over year basis, the index finished 2.4 percent higher than its previous December reading. Commercial projects declined 6.7 percent after surging 26.4 percent during 2014 and then settling into a more sustainable pace in 2015.
