Steel Markets
September 8, 2020
Dodge Momentum Index Inches Higher on Commercial Planning
Written by Sandy Williams
The Dodge Momentum Index increased for a second consecutive month, climbing 1.8 percent in August to 126.5. The commercial component of the index increased 3.3 percent while the institutional component dipped 1.2 percent lower.
The index is a monthly measure of the first report for nonresidential building projects in planning, which has been shown to lead construction spending by a full year.
