US cement consumption to rise 3.4% this year
PCA downgrades its forecast
Portland Cement Association
Cement consumption in the United States will continue to rise by 3.4 per cent this year, according to a report from the Portland Cement Association (PCA).
The forecast in cement consumption, albeit at a slower rate, is down slightly to 3.4 per cent growth compared to its fall forecast of 5 per cent. PCA expects 2017 cement consumption will grow at a rate of 4.3 per cent.
“The new forecast reflects the implementation of the new multi-year highway bill, Fixing America’s Surface Transportation (FAST) Act,” said Edward Sullivan, PCA chief economist and group vice-president. “However, our forecast still reflects a deterioration in global growth conditions, an even weaker projection for oil prices, and a tightening of U.S. monetary policy.”
Each year PCA’s industry-renowned Market Intelligence Group provides data and insight on fundamental economic issues, including cement forecasts throughout the year.
Representing US cement manufacturers, PCA is a vocal advocate for sustainability, economic growth, sound infrastructure investment, and overall innovation and excellence in construction.