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News Portland Cement Association forecasts cement consumption to grow by 2.3% in 2019

Portland Cement Association forecasts cement consumption to grow by 2.3% in 2019

Written by Global Cement staff 20 March 2019
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US: The Portland Cement Association (PCA) forecasts that cement consumption will grow by 2.3% year-on-year in 2019. It is a slight drop from the rate of 2.6% it previously forecast in November 2018.

“While there are several phenomena that confront the economy in the next two years, the PCA believes the economy is strong,” said Ed Sullivan, PCA Senior Vice President and Chief Economist. He added that rising interest rates are expected to drag on economic growth, leading to a slowdown in private construction. Cement consumption is expected to slow as a result.

The PCA also said in its Spring Forecast that rising state deficits had forced many states to adjust budgets, reduce costs, and re-prioritise spending. Infrastructure spending had been falling in priority as a consequence. In the medium term the PCA expects cement consumption growth to soften until 2021. It then thinks that President Donald Trump’s supplemental infrastructure initiative will arrive in 2022 leading back to increased cement consumption.

Published in Global Cement News
Tagged under
  • US
  • Portland Cement Association
  • PCA
  • Forecast
  • GCW396
  • Infrastructure

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