Washington, D.C. — The Plastics Industry Association (PLASTICS) Chief Economist, Dr. Perc Pineda, has released a new economic analysis examining the impact of the housing market on plastics manufacturing.
“The housing market’s persistent weakness, marked by declining housing starts and sluggish new single-family home sales, continues to cast a shadow over industrial production, particularly in the plastics manufacturing sector,” writes Dr. Pineda. “This downturn creates a ripple effect, not only curbing demand for construction supplies but also dampening consumer spending on plastic-intensive household goods.”
Click here to read the full analysis on the PLASTICS blog.
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.
