PCA Releases Spring 2021 Cement Consumption and Construction

PCA Releases Spring 2021 Cement Consumption and Construction Activity Outlook


PCA Releases Spring 2021 Cement Consumption and Construction Activity Outlook
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SKOKIE, Ill., April 9, 2021 /PRNewswire/ -- Portland Cement Association (PCA) Market Intelligence Group's Senior Vice President and Chief Economist Ed Sullivan recently presented their annual Spring cement consumption forecast, predicting an increase in cement consumption for 2021 and 2022.
"Remarkably, U.S. cement consumption recorded 2% growth during 2020. It is remarkable because COVID-19 exerted a terrible toll on the economy. Consumers bunkered down; states enacted rigid lockdowns. Real GDP declined to a rate not matched since 1946 as the economy transitioned from war time to peace time," said Sullivan. "Nearly 9.5 million fewer jobs now exist compared to pre-COVID-19 levels. Many businesses did not survive the threat.  And yet through all of this, cement consumption grew."

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