- Published: Monday, 19 August 2013 20:26
- Written by Cement Americas News
How a newly re-elected president and shifting Congress will deal with a still-slow economy and overwhelming federal debt is anyone's guess.
Although cement consumption and overall U.S. construction activity increased significantly more than expected in 2012, these gains would be immediately erased in 2013 if the “fiscal cliff” is not resolved in a timely manner. A forecast from the Portland Cement Association (PCA) expects a 7.5 percent jump in cement consumption in 2012, up 50 basis points from its summer forecast. However, the instability of the political landscape makes projecting 2013 consumption more challenging.