United States Infrastructure Report Q4 2012 - New Market Research Report
Leading construction data is reinforcing our long-held view that the US construction industry will return to growth in 2012. In fact, the data implies a more positive investment climate for the sector than we had previously factored in, and thus we are upgrading our 2012 growth estimate to 1.2%, with further upside potential. The key growth divers remain the energy and utilities sector, as well as the ongoing revival in residential construction.
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