Steel Markets
June 6, 2018
Dodge Momentum Index Indicates Construction Health
Written by Sandy Williams
The Dodge Momentum Index, a measure of the first report for nonresidential buildings in planning and an indicator of future construction, rose 1.8 percent in May to a score of 167.8. Commercial construction planning drove the increase in May, gaining 4.7 percent while the institutional component of the Index fell 2.4 percent.
Dodge Data & Analytics notes that the index has posted steady gains this year, reaching levels from mid-2008. The index hit bottom in July 2011 and still hasn’t reached the previous peak set in 2007. The cycle of expansion is much more drawn out than the last cycle.
