Sullivan Predicts Growth at World of Concrete
Published: Wednesday, 22 January 2014 13:57
Written by Mark Kuhar
January 22, 2014
– On the first day of the World of Concrete 2014 Show in Las Vegas, The Portland Cement Association's Chief Economist Ed Sullivan forecast 8 percent growth in cement production this year, according to Don Marsh, editor of sister publication Concrete Products
, who is reporting live from the show.
Sullivan predicted that growth would be driven by across-the-board demand in residential, nonresidential and public construction. According to Sullivan, there is currently an "unprecedented level of pent up demand" that puts the U.S. economy in good shape for growth going forward." Sullivan also noted that credit availability, job creation and a drop in consumer debt will contribute to the rise in production.