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.
“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.