Recently Released Market Study: United States Infrastructure Report Q3 2013
The US construction sector returned to growth in line with our expectations in 2012, coming in at 3.2% versus our 3.4% estimate. We believe the sector will remain in positive territory until the end of our forecast period in 2022, although growth will slow in y-o-y terms. Residential construction will be the main driver of growth in the near term, whilst infrastructure will struggle as a result of low government capacity to invest and non-residential will continue to stagnate.
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