Dodge Momentum Index Posts Strong Gain in February, Marking Highest Level in Nearly Three Years
Summary
HAMILTON, N.J.--(BUSINESS WIRE)--The Dodge Momentum Index rose 7.1% in February to 149.0 (2000=100) from the revised January reading of 139.1. February’s Momentum Index marked the highest levels in nearly three years as a result of a surge in large projects that entered planning. It remains to be seen if this level of activity, especially in the institutional sector, is sustainable given the tenuous economic recovery and rising material prices. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. Dodge is leveraging its more than 125-year-old legacy of continuous innovation to help the industry meet the building challenges of the future.