After a tentative up-turn in 2011, optimism is creeping back into the US construction market as the economy strengthens. However, funding issues persist and the bitterly partisan nature of US politics is a further hurdle.
Rouse Analytics' February report indicates that utilisation of access fleets in North America has increased in the latter part of 2011, used equipment prices are up and rental rates are increasing slightly.
After the stimulus-driven boom of 2009 and 2010 the Chinese construction industry paused for breath in 2011. Future growth is not likely to be as high as in the last decade, but China will still be a global powerhouse.