Friday, 25 October 2013

United States Infrastructure Report Q4 2013

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United States Infrastructure Report Q4 2013
Oct 23rd 2013, 00:00

Price: $ 1295  

BMI View: We are maintaining our outlook for US construction industry value real growth to remain in positive territory over the medium term. Residential construction will be the biggest positive contribution to overall growth, as a recovery in the sector continues to gather ground. Conversely, non-residential building is struggling to gain traction overall, dragged down by weak public sector spending. Infrastructure will remain the weak spot - highly reliant on public investment, the sub-sector is being choked by fiscal austerity and political gridlock. Overall, the construction sector will post growth of 1.3% and 0.9% in 2013 and 2014. Key Developments: ? Residential construction will continue to be the main driver keeping growth in the construction sector in positive territory in 20 ...

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