Steel Markets
December 7, 2016
Dodge Momentum Index up 18 percent Y/Y
Written by Sandy Williams
The Dodge Momentum Index gained 0.3 percent in November after breaking a five month streak of increases in October. The Dodge Momentum Index, published by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning which have been shown to lead construction spending for nonresidential buildings by a full year. The index has increased 10 out of the last 12 months and is 18 percent higher than its reading in November 2015.
Commercial activity led the gain last month, with a 4.1 percent increase from October. Commercial planning has gained 35 percent year over year after a weak start in 2016. Institutional planning was down 5.2 percent in November and is 2 percent lower year over year.
