PCA forecasts modest cement and construction growth for 2020

摘要

At the beginning of February the Portland Cement Association (PCA) predicted cement consumption to stay at moderate growth levels through and into 2022. PCA Market Intelligence expects cement consumption will grow by 1.7 % in 2020. The potential for stronger than expected construction in residential construction could add one full percentage point to this outlook. "The economy rests on two pillars, consumer spending and labor markets." said Sullivan. "As long as the economy continues to grow and create jobs, the economy will remain on solid ground and continue to support cyclical portions of the cement market. But the economic recovery is aging and losing its zip. Economic growth will gradually slow along with construction activity and cement consumption growth rates."