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