Steel Markets
July 10, 2017
Construction Looks Healthy on Dodge Index
Written by Sandy Williams
The Dodge Momentum Index continued to exhibit strength in June, climbing 1.1 percent to 141.1. The monthly measure of nonresidential construction projects in planning was driven by a 4.8 percent jump in planning for institutional construction. The commercial component of the index dipped 1.3 percent, but was 11.8 percent higher than in June 2016. Institutional planning gained 9.5 percent from its year-ago score. The components of the index have been trading off almost monthly as drivers of growth since the index began its upward trend in mid-2016.
Dodge Analytics said the rising trend indicates construction activity will remain healthy through the end of the year.
