Uptrend in plastics machinery shipments continued in Q1
The shipments value of plastics machinery posted a moderate rise in the first quarter of 2015 when compared with the same period last year, according to statistics compiled and reported by SPI: the Plastics Industry Trade Association’s Committee on Equipment Statistics (CES) (plasticsindustry.org).
“Yet again, the quarterly CES shipments data posted a year-over-year gain. This is particularly encouraging in light of the slower-than-expected growth in the US economy to start the year. The U.S. economy will build momentum in the second half of 2015, and the market conditions that favor business investment in new equipment--low interest rates and rising aggregate demand--will continue to prevail,” says Bill Wood, the plastics market economist who analyzes and reports on the plastics machinery market sector for the CES.