Steel Markets
April 11, 2016
Dodge Momentum Index Slips Following 3 Months of Gain
Written by Sandy Williams
The Dodge Momentum Index took a 7 percent drop in March, registering 116.4 from its revised reading of 126.4 for February The Index, which measures the initial report for nonresidential building projects in planning, had been gaining strength over the past three months.
The decline in March was due primarily to a steep 15 percent drop in institutional planning, said Dodge Data & Analytics. Commercial planning fell less than one percent in March. The index is about even with where it was a year ago.
