[USA] PCA cautious on 2013 forecast as fiscal cliff looms

摘要

A Portland Cement Association (PCA) forecast has predicted a 7.5% growth in 2012's cement consumption, up 50 basis points from its summer forecast. However, instability in the political landscape makes projecting 2013 consumption more challenging. Although cement consumption and overall US construction activity increased by a greater than expected amount in 2012, these gains would be immediately erased in 2013 if the fiscal cliff is not resolved in a timely manner.