Washington D.C.— The Plastics Industry Association (PLASTICS) released the Committee on Equipment Statistics’ (CES) report for the third quarter of 2023, authored by Chief Economist, Dr. Perc Pineda.
“At the start of this year, there was a double-digit decline in primary plastics machinery shipments. Following a 1.5% gain in shipments during the second quarter, there was a reversal, resulting in a 1.5% loss in the third quarter,” writes Dr. Pineda. “The decline in shipments seems to have moderated on both a quarterly and year-over-year basis, aligning with the rising economic output from the first to the third quarter of this year.”
Click here to read the report.
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 $548 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 seventh 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.