Ed Sullivan, the chief economist and senior vice president of market intelligence for the Portland Cement Association (PCA) – which represents America’s cement manufacturers – said the Federal Reserve’s recent move to lower interest rates coupled with easing inflation signals a significant retreat in interest rate levels by the end of next year … all to the benefit of construction activity.
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PCA’s Sullivan Makes Prediction at WOC
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 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 MoreARTBA: Modest Declines Expected in 2021 for Transportation Construction
The U.S. transportation construction market is expected to shrink 5.5% next year, driven primarily by the severe economic recession caused by the coronavirus pandemic, according to the annual forecast released by the Washington, D.C.-based American Road & Transportation Builders Association (ARTBA).
Read MorePCA’s Sullivan Offers Favorable Economic Forecast
Economic momentum supported by tax reform and federal infrastructure programs will play key roles in the demand for concrete construction in the years ahead, said Ed Sullivan, Portland Cement Association (PCA) senior vice president and chief Economist.
Read MorePCA Economist Forecasts Optimism, Positive Gains in Housing
Residential housing starts will be on the increase in 2015 according to the Portland Cement Association (PCA).
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