Washington D.C.— The Plastics Industry Association (PLASTICS) has issued the Committee on Equipment Statistics’ (CES) report for the fourth quarter of 2024, authored by Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “Plastics demand in the U.S. remains stable. However, slack in plastics production is leading to weaker-than-expected demand for primary plastics equipment. Additional cuts in the Fed funds rate are still projected this year. Lower interest rates and greater clarity on U.S. economic policy, particularly on trade, would help reduce uncertainties across the plastics industry supply chain.”
Click here to read the report.
The Plastics Industry Association (PLASTICS) supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $519 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 eighth 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, NPE: The Plastics Show.
