The Portland Cement Association (PCA) Market Intelligence Group released their Spring 2021 Regional Forecasts for the Northeast, Central, West, and Southeast United States. These forecasts cover cement consumption and real put-in-place construction spending.
West:
As the economy continues to recover from the impacts of the coronavirus, the Pacific and Mountain region’s cement consumption forecasts have been slightly upwardly revised from the Winter release. Some states in the West (Idaho, Utah, and Oregon) have returned to pre-pandemic employment levels. Full Western Outlook
Central:
In the West South Central census division, PCA Market Intelligence expects cement consumption to grow 2.3% in 2021, following a decline of 2.5% last year. The regional decline in 2020 was largely attributed to a drop in oil-well cement demand. Excluding oil-well cement, construction-related cement consumption grew 2.9% in 2020. The region maintains very strong construction fundamentals given demand from strong in-migration and an expanding tax base. Full Central Outlook
Northeast:
The Northeast has been hit hard by the COVID-19 pandemic and had some of the most severe responses. Despite this, cement consumption was able to grow 0.6 percent in 2020, largely due to a strong start to the year, and PCA projects a flat growth of 0.1 percent in 2021. The Middle Atlantic was down nearly 3 percent in 2020, however, the East North Central and New England were up 1.9 percent and 4 percent, respectively. Following this, 2021 PCA Market Intelligence expects cement consumption in the Northeast to rise by 1.1 percent in 2022. Full Northeast Outlook
Southeast:
Cement consumption in the South Atlantic Census division will be strong. PCA Market Intelligence expects cement consumption to grow by 6.8 % in 2021 and 2.1% in 2022. Full Southeast Outlook