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

URL: https://globalcement.com/news/item/4758-portland-cement-association-forecasts-cement-consumption-to-rise-by-3-4-in-2016

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