CRH - US market outlook driving bolt-on strategy

Davy Research
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Despite a back-drop of steep cost inflation, construction trends continue to improve in the US. The Architectural Billings Index (ABI) in May reached another multi-year high as non-residential project activity recovers. Infrastructure talks meanwhile are dragging on, but new legislation at higher funding levels remains very likely. CRH stands well placed to benefit and is allocating capital accordingly.