Jan. 17, 2023 – Portland Cement Association’s (PCA) Chief Economist and Senior Vice President of Market Intelligence Ed Sullivan predicted a stronger U.S. economy during the first half of this year than was previously expected but believes there will likely be a slowdown in economic growth starting this summer.
Read MoreTag: PCA
Sullivan Speaks
Oct. 10, 2022 – Portland Cement Association Chief Economist Ed Sullivan noted in Denver at the ConcreteWorks show that housing market weakness will bring 2023 cement consumption down 3.5% from 2022 levels (trending +2.9% vs. 2021), followed by gains in the 1-3.5% range over the next three years. The Infrastructure Investment and Jobs Act will definitely help producers but not offset volume losses in…
Read MoreCement Leaders Document Roadmap to Carbon Neutrality Progress
Portland Cement Association Chairman Ron Henley (GCC America) told a New York Climate Week gathering that U.S. producers have exceeded expectations outlined nearly one year ago with release of the PCA Roadmap to Carbon Neutrality.
Read MorePCA’s Sullivan Factors Ukraine into Revised U.S. Construction Forecast
Portland Cement Association (PCA) Chief Economist Ed Sullivan has warned about the potential for a dip in cement consumption and concrete output attributable to the Russia-Ukraine conflict. At a joint luncheon in San Antonio during the PCA and National Ready Mixed Concrete Association 2022 conventions, he offered three scenarios for U.S. shipments through 2024:
Read MorePCA Announces 2022 Focus at World of Concrete
Portland Cement Association (PCA) President and CEO Mike Ireland, Senior Vice President and Chief Economist Ed Sullivan and Senior Vice President of Sustainability Rick Bohan unveiled the near-term goals and 2022 focus for the cement and concrete industry’s Roadmap to Carbon Neutrality, a plan to make the entire value chain carbon neutral by 2050, at the 2022 World of Concrete…
Read MoreThat’s A Lot of Money Per Year
Aug. 10, 2021 – When the FAST Act was signed into law in 2015 by President Obama, it averaged $45 billion per year in spending on roads and bridges. Contrast that to the Infrastructure Investment and Jobs Act just passed by the Senate. The bill, which now goes to the House, averages just over $70 billion per year, according to National Stone, Sand & Gravel Association Vice…
Read MorePCA: Cement Consumption Continues to Climb
The Portland Cement Association (PCA) Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan presented the association’s annual summer cement market outlook, predicting an increase in cement consumption over the next four years.
Read MoreBipartisan Infrastructure Framework Reached
President Biden and a bipartisan group of senators have announced a deal on infrastructure spending. The agreement focuses on investments in roads, bridges, railways and broadband internet, but it does not include investments Biden has referred to as “human infrastructure,” including money allocated for child care and tax credits for families.
Read MorePCA Releases Regional Cement Consumption Forecasts
The Portland Cement Association (PCA) Market Intelligence Group released its Spring 2021 Regional Forecasts for the Northeast, Central, West and Southeast United States. These forecasts cover cement consumption and real put-in-place construction spending.
Read MorePCA Releases Spring Market Outlook
The Portland Cement Association (PCA) Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan recently presented the association’s annual spring cement consumption forecast, predicting an increase in cement consumption for 2021 and 2022.
Read More