Washington D.C.— The Plastics Industry Association (PLASTICS) released the Committee on Equipment Statistics’ (CES) report for the fourth quarter of 2022, authored by Chief Economist, Dr. Perc Pineda.
“The U.S. economy pulled through in the second half of 2022,” writes Dr. Perc Pineda. “The increase in plastics machinery shipments in the fourth quarter speaks to the importance of plastics manufacturing and the stable demand for plastic and plastic products in the economy last year. As expected, the increase includes shipments of backlog production resulting from supply chain problems in previous quarters.”
Click here to read the full report 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 $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.