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    Analysis

    May 5, 2022

    Dodge Momentum Index Gains Ground in April

    Written by David Schollaert

    The Dodge Momentum Index moved 6% higher in April, rebounding following lower revised reading for the month prior, according to data and analytics from the Dodge Construction Network. The index registered 164.8 last month, up from March’s downward revised reading of 155.

    In April, planning for commercial projects drove the index’s overall reading upward, expanding by 9% while institutional planning edged higher by 2%. With the gain in April, the headline Index was just 5% shy of the all-time high set in the fall of 2021.

    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.

    Read more from David Schollaert

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