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/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
Ecocem announces €170 million investment to construct four new production lines in France
Ecocem is announcing an additional investment of €170 million to construct four new production lines in France and accelerate delivery of its ACT scalable low-carbon cement act technology.
