Strong Economic Momentum Expected to Spill Over to Construction
June 11, 2013 Leave a comment
Following the strongest cement consumption gains in seven years in 2012, cement consumption growth will continue in 2013 with a 6.2 percent increase. According to the latest forecast from the Portland Cement Association (PCA), the majority of market recovery will occur in the second half of 2013.
“Recessions correct imbalances generated during boom periods,” Ed Sullivan, PCA chief economist said. “Few economists doubt the generation of a large pent-up demand during the past several years. The question is, when the economy will unleash its potential for strong growth?”
The accelerated consumption predicted during the second half of 2013 should carry into the following year. PCA projects an increase of 9.2 percent for 2014.
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