PCA Summer forecasts suggests 2.3% growth in US cement consumption

The Portland Cement Association (PCA) has released its summer forecast for the US cement sector with its near-term projections largely unchanged since PCA's Spring outlook. 

Cement consumption is expected to grow 2.3 per cent in 2019 and 1.7 per cent in 2020. Overall, slightly softer economic growth, suggests a gentler interest rate pattern as well as slightly less robust conditions in the labour market.  For construction, these factors largely offset each other.