Dodge Momentum Index slides in October

The Dodge Momentum Index (DMI) fell more than 7% in October, sliding for the first time in six months. Still, the index is up 35% year to date, according to the latest data released by Dodge Construction Network.

Overall, the index decreased 7.1% from a revised reading of 304.8 in September to 283.3 in October. The index for commercial buildings eased 2.9% to 354.0. And the institutional buildings index slumped to 195.8, down 15.2% from 231.0 previously, Dodge said in a press release earlier this week.

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.