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    Steel Markets

    Dodge Momentum Index Bounces Back in January

    Written by Sandy Williams


    The Dodge Momentum Index rose 4.7 percent in January to 157.7 from a revised reading of 150.6 in December. The bounce back reversed December’s decline and put it in line with the average index reading for the second half of 2018.

    Institutional projects gained traction in January driven by public funding for schools and transportation terminals. The commercial component of the index expanded, as well, but was still below the highs set in mid-2018. Index components for institutional and commercial projects rose 5.0 percent and 4.6 percent, respectively.

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