New PCA Update Focuses on American Rescue Plan

The Portland Cement Association (PCA) Market Intelligence Group released its March economic update, focusing on the impacts of the $1.9 trillion American Rescue Plan Act of 2021. The update discusses how the latest round of fiscal stimulus will provide positive support for key macroeconomic indicators and prevent the economy from slipping into further decay. 

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PCA’s Sullivan Projects 2020-21 Cement Consumption

In his first widely available briefing since early March, Portland Cement Association (PCA) Chief Economist and Senior Vice President Ed Sullivan offered two U.S. cement consumption outlooks based on U- or W-shaped economic recovery curves. A U-shaped recovery will see 2020 and 2021 figures of -3.4% or +1.7%, while a W-shaped model will see declines of -4.8% and -2.7%. 

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