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PCA News

January 28, 2021

PCA Updates Forecast, Economic Recovery Pushed Back

January 28, 2021 – Skokie, Il. – 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 materialize in 2021 compared to the December forecast.

PCA Market Intelligence expects cement consumption will grow by nearly 1% percent in 2021, fueled largely by residential construction. Nonresidential 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 consumption growth.

To view the full webinar click here.

To schedule an interview with Ed Sullivan contact Mike Zande mzande@cement.org.

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The Portland Cement Association (PCA), founded in 1916, is the premier policy, research, education, and market intelligence organization serving America’s cement manufacturers. PCA members represent over 90% of U.S. cement production capacity and have facilities in all 50 states. The association promotes safety, sustainability, and innovation in all aspects of construction, fosters continuous improvement in cement manufacturing and distribution, and generally promotes economic growth and sound infrastructure investment. For more information, visit www.cement.org.

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For media inquires please contact Mike Zande mzande@cement.org 

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