Cement consumption in the United States will continue to rise by 3.4 percent, according to a report from the Portland Cement Association (PCA).
The forecast in cement consumption is for growth, albeit at a slower rate, down slightly to 3.4 percent growth compared to its fall forecast of 5 percent. PCA expects 2017 cement consumption will grow at a rate of 4.3 percent.
“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 U.S. monetary policy.”
Each year PCA’s industry-renowned Market Intelligence Group provides data and insight on fundamental economic issues, including cement forecasts throughout the year.
PCA has been a widely-recognized authority on the technology, economics, and applications of cement and concrete for 100 years. Representing America’s cement manufacturers, PCA is a vocal advocate for sustainability, economic growth, sound infrastructure investment, and overall innovation and excellence in construction. More information on PCA is available at www.cement.org.
