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  • May 27, 2019

The Portland Cement Association (PCA) released its annual Spring Forecast, which envisions strong to moderate growth for cement consumption in 2019 and into 2020. The forecast indicates that cement consumption will grow by 2.3 percent in 2019; compared to the Fall 2018 forecast, this represents a marginal slowing in the pace of growth. The association expects the slower growth rate because interest rates have continued to rise, meaning construction growth will likely slow. Also, state deficits have increased, forcing states to adjust budgets, reduce costs, and reprioritize spending, including transportation investments. Ed Sullivan, PCA senior vice president and chief economist, notes that “Overall, the pace of cement consumption growth is expected to soften each year through 2021. In 2022, interest rates are expected to reach their apex and recede slightly. At about this time, the supplemental infrastructure initiative is expected to materialize.” For more info and to purchase a copy of the report, visit www.cement.org.