Dodge Momentum Index Down in January

The Dodge Momentum Index fell in January by 7.0% and to a four-month low, according to data and analytics from the Dodge Construction Network. The index registered 152.9 last month versus a revised December reading of 163.7.

construction In January, commercial planning fell 9.0% while institutional planning moved 1.0% lower. The index had a stellar 2021, rising 23% from 2020 and reaching levels not seen in nearly 14 years, said Dodge. The recent string of declines, however, may be blamed on rising costs, logistical limitations and shortages of skilled labor.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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