US cement consumption to rise 3.4% this year
By On-Site MagazineConcrete Construction Materials Infrastructure cement concrete forecast PCA Portland Cement Association roadbuilding
PCA downgrades its forecast
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.