Dodge Momentum Index Pushes Higher in May

The Dodge Momentum Index moved 7% higher in May, gaining ground on the upward revised reading for the month prior, according to data and analytics from the Dodge Construction Network. The index registered 176.2 in May, up from 165.2 the month prior.

The index measures data about planned nonresidential building projects to track spending in the sector. For May, the institutional component of the Momentum Index rose 9% and the commercial component increased 6%.

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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