Steel Markets
Dodge Momentum Index Dips in January
Written by Sandy Williams
February 7, 2020
The Dodge Momentum Index fell 2.7 percent in January to 152.5 following four months of gains. The index is a measure of the first report of nonresidential projects in planning, which have been shown to lead construction spending by a full year.
Planning for commercial projects increased 2.7 percent, but a 11.0 percent decline in institutional projects pulled the headline index down, said Dodge Data & Analytics.
Year over year, the index gained 7.2 percent with a pattern similar to January 2019–institutional planning down and commercial planning up.
Ten projects valued at $100 million or more entered the planning phase in January.
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Sandy Williams
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