Source: Portland Cement Association, Skokie, Ill.
Stronger than expected job creation and the beginning of a construction industry recovery means gains in real construction spending will materialize this year—after seven years of consecutive declines. According to the new forecast from PCA, increases in cement consumption will follow. PCA revised its fall forecast upward from 1.1 percent, to a modest 3.7 percent increase in 2012, followed by a 7.6 percent jump in 2013 and a 14.1 percent surge in 2014.
