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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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PCA updates forecast suggesting economic recovery may be pushed back


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The Market Intelligence Group at the Portland Cement Association (PCA) recently released a webinar explaining adjustments to its winter forecast.
.PCA’s Senior Vice President and Chief Economist Ed Sullivan predicted robust economic recovery accompanying a widespread vaccination rollout, which now may be delayed a full quarter or more. This assessment reflects PCA’s knowledge of United States’ vaccine supply. If this assessment is correct, slower than expected economic activity, construction, and cement consumption may materialise in 2021 compared to the December forecast.
PCA Market Intelligence expects cement consumption will grow by nearly 1% in 2021, fuelled largely by residential construction. Non-residential construction is expected to perform weakly and soft economic activity will add to state government’s fiscal duress. Without new federal COVID-19 relief targeting state government, public cement could act as a drag on 2021 cement consumpt ....

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