US: The Portland Cement Association (PCA) has updated its winter 2020 – 2021 economic forecast. Senior vice president and chief economist Ed Sullivan said that in light of possible delays of three months or more to the national Covid-19 vaccine rollout, predicted robust economic recovery will be ‘slower than expected’ compared to expectations stated in the original forecast in December 2020. The PCA’s Market Intelligence Group expects cement consumption to grow by nearly 1% year-on-year in 2021, fueled largely by residential construction.
Portland Cement Association updates economic forecast
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