Washington D.C.— The Plastics Industry Association (PLASTICS) has released an official analysis of the third quarter GDP report’s impact on the plastics industry, authored by PLASTICS Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “This broad-based increase in economic activity includes a 3.1% rise in real household spending and a 3.3% increase in business investment, supporting a favorable outlook for the plastics industry. With an estimated 87.6% of plastics products directed toward personal consumption expenditures in 2023, the growth in household spending is positive news for the plastics industry.”
Click here to read the full analysis 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 $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.
