Post-election uncertainty, slower growth compel minor PCA forecast adjustment

Source: Portland Cement Association, Skokie, Ill.

U.S. cement consumption is on track to see 2.7 percent growth in 2016 versus the 4 percent increase PCA projected earlier this year. The association has also revised its 2017 U.S. cement consumption growth forecast from 4.2 percent to 3.1 percent, owing to the negative pressure of post-election political uncertainty, inflation and slower construction activity.

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Lead construction economists confirm private sectors’ near-term growth prospects

Source: Associated Builders and Contractors, Washington, D.C.

The Associated Builders & Contractors, American Institute of Architects and National Association of Home Builders chief economists assembled in Washington, D.C., for a mid-year market forecast, outlining stable to strong residential and commercial project activity through 2017.

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