Steel Markets
April 3, 2020
Dodge Index Retreats Slightly in March
Written by Sandy Williams
The Dodge Momentum Index slipped slightly in March, retreating 0.6 percent to a reading of 146.5. The momentum index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
In March, the commercial component of the index fell 0.8 percent while the institutional component dipped 0.2 percent.
