Analysis
Dodge Momentum Index Bounces Back in January
Written by Sandy Williams
February 6, 2019
The Dodge Momentum Index rose 4.7 percent in January to 157.7 from a revised reading of 150.6 in December. The bounce back reversed December’s decline and put it in line with the average index reading for the second half of 2018.
Institutional projects gained traction in January driven by public funding for schools and transportation terminals. The commercial component of the index expanded, as well, but was still below the highs set in mid-2018. Index components for institutional and commercial projects rose 5.0 percent and 4.6 percent, respectively.
Nine projects with a value of $100 million or more entered the planning stage in January.
The Dodge Momentum Index is published by Dodge Data & Analytics and is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which has been shown to lead construction spending for nonresidential buildings by a full year.
Below is a graph showing the history of the Dodge Momentum Index. You will need to view the graph on our website to use its interactive features; you can do so by clicking here. If you need assistance logging in to or navigating the website, please contact us at info@SteelMarketUpdate.com.
Sandy Williams
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Final Thoughts
Sometimes an entire news cycle happens in one week.