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PCA expects robust construction in 2005.

By Holzhauer, Ron
Publication: Masonry Construction
Date: Monday, March 1 2004

The U.S. economy is set to more into high gear in 2004, according to a fine-cast from the Portland Cement Association, but don't expect robust construction activity to arrive until 2005.

Chief economist Edward Sullivan explains. "The seemingly contradictory outlook is based on the prospects

of single family construction cooling under the weight of rising interest rates, a delayed and muted improvement in commercial construction activity, and a public construction sector still coping with state level fiscal crises."

PCA believes that the emerging economic recovery will create .jobs, escalate wage gains, lead to stronger capital gains, and strengthen states' tax bases, which will gradually case their fiscal stress. The association projects cement consumption will increase 2.7%-39% for the period 2005-2008.

In addition, make sure to read these articles:

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  • B mail
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