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News Portland Cement Association forecasts cement consumption to rise by 3.4% in 2016

Portland Cement Association forecasts cement consumption to rise by 3.4% in 2016

Written by Global Cement staff 30 March 2016
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US: Cement consumption in the US will rise by 3.4% in 2016, according to a report from the Portland Cement Association (PCA). The forecast has been revised down from the PCA’s previous forecast of 5%. The PCA expects cement consumption in 2017 to grow by 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.”

Last modified on 30 March 2016
Published in Global Cement News
Tagged under
  • US
  • Portland Cement Association
  • Forecast
  • GCW244

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