Dodge Momentum Index Expands in March

The Dodge Momentum Index moved 4% higher in March, maintaining the growth seen the month prior, according to data and analytics from the Dodge Construction Network. The index registered 166.9 last month, up from February’s revised reading of 160.3.

In March, planning for commercial projects drove the index’s overall reading upward, expanding by 7% while institutional planning fell by 0.1%. Although the commercial planning subindex saw gains in March, it has been much more volatile than institutional planning due to the presence, or absence, of large projects from month to month, Dodge said.

David Schollaert

David Schollaert is deputy editor-in-chief 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. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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