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Plastics Industry Association (PLASTICS) issues Committee on Equipment Statistics Report for Q1 2023

The Plastics Industry Association (PLASTICS) released the Committee on Equipment Statistics (CES) report for the first quarter of 2023, authored by Chief Economist, Dr. Perc Pineda.

Dr. Perc Pineda headshot

Dr. Perc Pineda

“Despite a weaker economic outlook, plastics machinery shipments managed to show year-on-year growth,” writes Dr. Pineda. “First-quarter shipments were slightly lower than the previous quarter, but this is typically expected as the first quarter tends to have lower shipment volumes. The current first-quarter shipments are comparable to previous quarters during economic expansions.”

Click here to read the full report on the PLASTICS’ blog page.