Economy
Dodge Momentum Index Rises in September
Written by Sandy Williams
October 7, 2015
The Dodge Momentum Index, which tracks the initial planning of nonresidential building projects, gained 5.8 percent in September to register 133.5.
Planning for institutional building led the increase with a 12.0 percent jump from August. Dodge Data & Analytics reports institutional planning has been on an erratic upward trend as state and local budgets recover from recessionary weakness and support building projects.
Commercial construction increased 1.8 percent in September is at a “more mature stage of its recovery” said Dodge.
Eight projects, exceeding $100 million, began the planning stage in September and were evenly split between commercial and institutional.
Below is a graph showing the history of the Dodge Momentum Index. You will need to view the graph on our website to use it’s interactive features, you can do so by clicking here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
https://www.steelmarketupdate.com/images/Newsletter_Images_2015/Oct_2015/Dodge_Momen_10.8.15.png
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
Metalformers expect steady conditions in coming months
Metalformers expect economic activity to stabilize over the next three months, according to the recently released July Business Conditions Report from the Precision Metalforming Association (PMA).
Architecture Billings Index rises from 4-year low in June
The Architecture Billings Index (ABI) ticked up in June following May’s four-year low, according to the American Institute of Architects (AIA) and Deltek. While the index improved this month, it continues to indicate weak business conditions among architecture firms.
Beige Book: Uncertainty to continue fueling slower economic growth
Growth in the US economy continues to be constrained. The Federal Reserve’s Beige Book report for July shows more areas reporting flat or declining economic activity than in its previous report at the end of May.
AISI, AISC, University of Massachusetts get ~$6.4M EPA grant
The American Iron and Steel Institute (AISI), American Institute of Steel Construction (AISC), and the University of Massachusetts at Amherst have received a grant to enhance emissions reporting for steel construction projects.
Manufacturing activity in New York state continues to soften
New York state saw a continued decline in manufacturing activity in July, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.