US construction increases

摘要

Construction put in place in the US for the 12 months to the end of May stood at US$956 billion (€702 billion), a 6.6% rise on a year ago according to the US Census Bureau. This was also an increase on the year to April figure and over the course of the first five months of 2014, construction output was up 8.2% on the same period last year. In recent months, residential construction has driven growth. However, there was a downturn in May. Private residential construction was down 1.5% from April, and the growth compared to a year ago was 7.5%, a significant slowdown on earlier in the year. However, private non-residential construction saw an acceleration in May. The sector was up 1.1 % compared to April, and 11 % compared to a year ago.