January 24, 2023

Washington D.C.— The Plastics Industry Association (PLASTICS) has released “Consumers Rein in Spending Again in December,” an economic analysis on December retail sales and its impact on the plastic industry, authored by Chief Economist, Dr. Perc Pineda.

Dr. Pineda writes, “Moderate economic growth rates and higher interest rates are expected to continue to have an uneven impact on the plastics industry by way of changes in consumer spending on plastics’ end markets. Consumer non-discretionary spending—such as nondurable goods, which are not fully sensitive to rising borrowing costs—can be expected to remain stable. By extension, plastics manufacturers that serve nondurable goods end markets and the packaging industry can expect stable demand.”

Click here to read the full 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 $468 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 sixth 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.