Dodge Momentum Index Rebounds in February

The Dodge Momentum Index rose in February by 4.0%, rebounding from three consecutive months of declines, according to data and analytics from the Dodge Construction Network. The index registered 158.2 last month, up from January’s revised reading of 151.9.

In February, commercial planning moved 1.0% higher while institutional planning rose by 9.0%. The index reached a 14-year high in 2021, riding a 23% surge. Last month’s recovery was due to a sizable jump in the institutional component, as education and healthcare projects entered the pipeline, while commercial planning was steady thanks to office and warehouse projects, said Dodge.

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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