The Plastics Industry Association (PLASTICS) released the Committee on Equipment Statistics’ (CES) report for the first quarter of 2023, authored by Chief Economist, Dr. Perc Pineda.
“Despite a weaker economic outlook, plastics machinery shipments managed to show year-on-year growth,” writes Dr. Pineda. “First-quarter shipments were slightly lower than the previous quarter, but this is typically expected as the first quarter tends to have lower shipment volumes. The current first-quarter shipments are comparable to previous quarters during economic expansions.”
Click here to read the full report on the PLASTICS’ blog page.
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $468 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the sixth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE2024: The Plastics Show.