DMI Gains In March
April 8, 2022
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DMI Gains In March
The Dodge Momentum Index grew 4% in March moving to 166.9. This was up from the revised February score of 160.3.
In contrast to February the gains were led by a rise in commercial planning. The commercial component of the index was up 6.6% and the institutional component dipped 0.1%.
Mar-22 | Feb-22 | % Change | |
Dodge Momentum Index | 166.9 | 160.3 | 4.1% |
Commercial Building | 193.3 | 181.2 | 6.6% |
Institutional Building | 134.2 | 134.4 | -0.1% |
Describing market conditions Dodge Data & Analytics stated, “Commercial planning in March was just slightly lower than the all-time high set in October 2021. However, commercial planning has been much more volatile than institutional planning due to the presence, or absence, of large projects month-to-month. The institutional component has also been trending upward but remains 25% below the record set in December 2007. When compared to March 2021, the overall Momentum Index was 17% higher in March 2022. The institutional component was up 23% over the year, while the commercial component was 14% higher.”
For more information about the Dodge Momentum Index, visit the Dodge Data & Analytics website.
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