United States Infrastructure Report Q2 2010

(Business Monitor International)

News in the U.S. infrastructure sector over the past quarter has been dominated by public sector support for projects. In the transport sector the US$8bn high speed rail funding was allocated, and in the utilities sector, the Department of Energy handed out billions of dollars worth of loan guarantees. In contrast, the private sector has been fairly muted.

In BMI’s Q210 US Infrastructure Report we are forecasting growth to return to the construction sector following five years of decline. In 2010, we are forecasting the construction industry to grow by 2.4% year-on-year (y-o-y) in real terms, to reach a nominal value of US$519.6bn. This growth is notable; however, it must be taken into context of the 13.2% decline estimated for 2009. Growth will mainly be fuelled by the disbursement of funds from the US$787bn American Recovery and Reinvestment Act (ARRA).

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