Steel Markets
March 8, 2017
Dodge Momentum Index Shows Nonresidential Planning Increasing
Written by Sandy Williams
The Dodge Momentum Index jumped 1.6 percent to 144.0 in February. The index, a measure of the initial planning for nonresidential building projects, made the gain from January due to an increase in institutional building activity.
Planning for institutional buildings rose 4.4 percent last month while commercial planning dipped 0.3 percent. Dodge Data & Analytics says the overall trend indicates increased activity despite volatile month-to-month reports for the individual sectors. The Momentum Index has recorded increases for five consecutive months.
