April 8, 2022

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%.

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.