Sullivan: US construction activity on track to achieve 5% growth

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/