Construction put in place in the US for the 12 months to the end of May stood at US$ 956 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, thanks to strength in the power, commercial, manufacturing and office construction sectors.
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