Steel Markets

February 6, 2019
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.


