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 Webcast for MDM, Pembroke Consulting’s Adam Fein made a point of emphasizing how the infrastructure measures in the stimulus package could have significant positive impact for distributors and partners. The forecast from PCA is just one more example of the potential the bill holds for some industries.
Want to hear more of Fein’s analysis of the Economic Stimulus Package? Click here to order a copy of his recent Webcast, "Economic Stimulus Package: Impacts & Opportunities for Distributors." Or call 1-888-742-5060.
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 ...
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 ...
Share this article
- Filed In: Subscriber Only, Research & Analytics, Free, Economic Trends
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.