Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
News PCA revises forecast upwards

PCA revises forecast upwards

Written by Global Cement staff 02 May 2012
  • Print

US: Stronger than expected job creation and the beginning of a construction industry recovery mean gains in real construction spending will materialise in 2012, according to a new forecast from the Portland Cement Association (PCA). The PCA says that increases in cement consumption will follow.

The PCA revised its autumn forecast upward, anticipating a modest 3.7% increase in cement consumption in 2012, followed by a 7.6% jump in 2013 and a 14.1% increase in 2014. The forecast includes marginal improvements to non-residential construction, an upward revision to housing starts and an aggressive cement intensity gain, which is the amount of cement used per dollar of construction activity.

"Cement usage is greatest at the early stages of construction with foundation work. The retreat of building starts during the recession had a huge impact on consumption and intensity," said Ed Sullivan, chief economist at the PCA. "A construction start rebound in 2012 coupled with concrete's competitive price compared to other building materials translates to increases."

Sullivan said that, with successive years of economic and employment growth, the structural issues facing the construction industry will diminish. For example, the adverse impact of foreclosures will fade and return on investment for non-residential investments will improve.

The PCA forecasts that all sectors of construction will be positive during 2014-2015, which typically results in large gains in cement consumption.

Last modified on 02 May 2012
Published in Global Cement News
Tagged under
  • Portland Cement Association
  • Forecast
  • US
  • GCW47

Related items

  • Portland Cement Association welcomes US Paris Agreement re-entry
  • Peter Jones appointed as Platform Sales Manager for Forney LP
  • Local government approves relocation of Hawaiian Cement’s terminal in Maui
  • Charah Solutions wins ash marketing contract from Dominion Energy for coal ash from power plant in Virginia
  • Huaxin Cement predicts 2020 profit drop

Catch up on the latest coronavirus news on Global Cement's hub page

back to top
Loesche - Innovative Engineering
Acquisition Cemex China coronavirus Dangote Cement Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US Vietnam
« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.