Though cement consumption is expected to continue to decline through 2009, the latest economic forecast from Portland Cement Association is looking for recovery in 2010 based in part on new spending from the American Recovery and Reinvest Act of 2009.
By the second half of 2010, stimulus spending should enter a phase that includes more traditional infrastructure projects that carry higher cement intensities, said Edward Sullivan, chief economist for PCA.
With the double digit declines seen in 2007 and 2008 expected to continue in 2009, the group predicted 7% growth rate for 2010 – a long way from full recovery but a sign of stabilization for an industry that has been beaten badly by the construction slowdown.
In his recent …
A Positive Outlook Due to Anticipated Stimulus Spending
Though cement consumption is expected to continue to decline through 2009, the latest economic forecast from Portland Cement Association is looking for recovery in 2010 based in part on new spending from the American Recovery and Reinvest Act of 2009.
By the second half of 2010, stimulus spending should enter a phase that includes more traditional infrastructure projects that carry higher cement intensities, said Edward Sullivan, chief economist for PCA.
With the double digit declines seen in 2007 and 2008 expected to continue in 2009, the group predicted 7% growth rate for 2010 – a long way from full recovery but a sign of stabilization for an industry that has been beaten badly by the construction slowdown.
In his recent …
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