Steel Markets
March 7, 2016
Dodge Momentum Index Continues Upward Trend in February
Written by Sandy Williams
The Dodge Momentum Index rose 0.5 percent in February to 126.1 from a revised reading of 125.5 in January, a third consecutive monthly increase. The index is a monthly measure of the initial report for nonresidential building projects and has been show to lead construction spending for nonresidential buildings by a full year.
Commercial planning led the increase with a 1.0 percent gain which offset a slight 0.1 percent dip for institutional planning. Commercial planning activity is still below 2015 levels but is making a moderate recovery according to Dodge Analytics. Institutional planning continues to be above 2015 levels and on a generally upward trend.
