Steel Markets
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/46ade81b14257e630c7dd1626d8ba638.jpg)
Dodge Momentum Index Suggests Modest Construction Recovery in Q3
Written by Sandy Williams
June 5, 2020
The Dodge Momentum Index was nearly unchanged at 129.2 in May compared to 129.4 in April. The commercial component of the index rose 1.0 percent while the institutional component dropped 1.9 percent. The Index is a significant predictor of future construction. The monthly index is a measure of the first report for nonresidential building projects in planning, which has been shown to lead construction spending by a full year.
“The resilience of the Momentum Index over the last two months has been remarkable in the face of the COVID-19 crisis and resulting economic recession,” said Dodge Data & Analytics. “With May’s reading, the Momentum Index is down 17 percent from its most recent peak in July 2018. During the Great Recession, by contrast, the peak-to-trough decline was 62 percent. While the Momentum Index may move lower in the future, its present level continues to suggest that there are enough projects entering planning to allow construction to begin a modest recovery in the third quarter.”
During May, 11 projects valued at $100 million or more entered the planning stage.
Below is a graph showing the history of the Dodge Momentum Index. To use its interactive features, view the graph on our website by clicking here. For assistance logging into or navigating the website, contact info@SteelMarketUpdate.com.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/coils2.png)
US steel imports slipped in August after rising in July
July represents the second-lowest monthly rate for steel imports so far this year.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/steel_trade.png)
CRU Insight: Decarbonization will reshape global steel trade flow
This CRU Insight explores how decarbonization will play a significant role in redefining steel trade patterns by shifting regional competitiveness and increasing steel demand needs.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/price_question.png)
Steel Summit 2024: Leading analysts forecast coming year for steel
Leading industry analysts on Monday discussed steel prices and how they will be impacted by trade policy, consolidation, mill discipline, November’s elections, and more.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: Raw steel output jumps, capability surpasses 80%
Having risen for three weeks in a row, weekly production is now at the highest rate seen since February 2023.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/worldsteel_logo.png)
Monthly steel output falls in China, rises in RoW
Global steel output fell 5% in July according to World Steel Association’s (worldsteel) latest release. Total steel mill production around the world tallied up to 152.8 million metric tons (mt) for the month of July, the second-lowest monthly rate seen this year.