Ed Sullivan Speaks

June 8, 2021 – Today at World of Concrete, Portland Cement Association Chief Economist Ed Sullivan gave the industry three scenarios for cement consumption based on 1) the chances of no infrastructure bill; 2) the American jobs plan at face value; and 3) the American Jobs Plan with a compromise. He then presented a weighted average. The weighted average is 2021: growth of 2.2%; 2022: growth of 1.9%; 2023: growth of 2.4%; 2024: growth of 2.8%; and, 2025: growth of1.8%. The compromise scenario would add 4 million metric tons (MT) to consumption by the end of the forecast horizon versus 7 MT if the bill passes. Obviously, no infrastructure bill would be a serious negative across the board, representing growth of 1% or less.

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