Steel Markets
March 6, 2020
Dodge Momentum Index Dips in February
Written by Sandy Williams
Nonresidential construction planning slowed in February, according to the latest report from Dodge Data & Analytics. The Dodge Momentum Index moved 1.8 percent lower to 148.7 from the revised January reading of 151.4. The Momentum Index is a monthly measure of initial reports for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
February’s decline occurred in both components of the Index, with the commercial component falling 2.1 percent and the institutional component declining by 1.2 percent.
