Sullivan: US construction activity on track to achieve 5% growth
Published by Angharad Lock,
Digital Assistant Editor
World Cement,
According to PCA Chief Economist and Group Vice President, Ed Sullivan, US construction is logging strong gains over last year and is on track to achieve 5% growth during 2015. In addition, Non-residential and public work sectors are exceeding expectations.
Sullivan commented: “We see consumers getting more confident. We see banks getting stronger and starting to ease credit availability a bit. We see several other areas in which the economy seems to be gaining its footing.”
He added: “The wild card here is residential, especially single family residential.”
In June 2015 cement consumption increased by 3.8% y/y, for a seasonally adjusted annual rate of 89 million t.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldcement.com/the-americas/24082015/sullivan-construction-activity-on-track-to-achieve-5-percent-growth-429/
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