Washington D.C.— The Plastics Industry Association (PLASTICS) released the Committee on Equipment Statistics’ (CES) report for the first quarter of 2024, authored by Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “It is common to see lower shipments in the first quarter of each year. Long-term data confirms this consistent pattern. Accounting for such seasonality, shipments decreased by 8.5% quarter-over-quarter. This time, plastics machinery suppliers reacted in alignment with the overall pullback in the macroeconomy and a still high-interest-rate environment.”
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.