Steel Markets
June 8, 2019
Plans for Commercial Construction Pull Dodge Momentum Index Down
Written by Sandy Williams
The Dodge Momentum Index, a monthly measure of the initial report for nonresidential buildings in planning, slipped 1.4 percent in May to a reading of 141.0 from a revised reading of 142.4 in April.
The commercial component of the index dropped 6.9 percent while the institutional component rose 8.1 percent. On a year-over-year basis, the index declined 9.2 percent as a 16 percent dive by the commercial component outweighed a 1.8 percent gain in institutional planning.
