Cement consumption in the US will continue to rise by 3.4%, according to a report from the Portland Cement Association (PCA).
The forecast in cement consumption forecast, albeit at a slower rate, is down marginally to 3.4% growth compared to its fall forecast of 5%. PCA expects 2017 cement consumption will grow at a rate of 4.3%.
“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 US 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.
Read the article online at: https://www.worldcement.com/the-americas/29032016/pca-releases-us-cement-consumption-forecast-773/