PCA Forecasts Cement Consumption Decline Into 2021

The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts a modest decrease in cement consumption during 2020 and 2021. PCA Market Intelligence expects cement consumption, based on the weighted average of three different economic scenarios, will lessen by 1.5% for the remainder of 2020 and 0.9% in 2021.

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Sullivan Predicts Construction Spending Increases

At World of Concrete in Las Vegas, Ed Sullivan, executive vice president and chief economist for the Portland Cement Association, noted that the state of the economy is good. Sullivan’s presentation is one of the highlights of the show each year. He is predicting construction spending increases of 2.2 percent, 1.5 percent, 0.9 percent, 1.1 percent and 1.3 percent from 2019 to 2023. He is predicting cement production increases…

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