Portland Cement Association Chief Economist and Senior Vice President Ed Sullivan offers two U.S. cement consumption scenarios around “U” or “W” shaped economic recovery curves, with respective 2020 and 2021 figures of -3.4 percent or +1.7 percent and -4.8 percent and -2.7 percent—both years measured against 2019 industry shipments.
Read MoreSource: American Road & Transportation Builders Association, Washington, D.C.
The U.S. transportation infrastructure market is expected to grow at least 5 percent next year, fueled by increased federal, state and local government investment, according to the just-released forecast from American Road & Transportation Builders Association Chief Economist Dr. Alison Premo Black. Total 2020 construction and related-market activity should reach $300.4 billion, up from $286.5 billion this year after adjusting for project costs and inflation.
Read MoreNational Ready Mixed Concrete Association’s premier Producer Confidence Index, based on results of a 75-member survey, indicates favorable sentiments on current economic conditions and positive view of future business prospects. The survey uses 2006, the best year for ready mixed concrete production and financial performance on record, as a baseline for a 100-point positive Index.
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