More good news for the plastics industry! The shipments value of plastics machinery posted a moderate rise in the first quarter of 2015 compared with the same period last year, according to statistics compiled and reported by SPI: the Plastics Industry Trade Association's Committee on Equipment Statistics (CES; Washington, DC). This follows a recent survey of salaries and trends in the plastics industry conducted by headhunting firm Gros Executive Recruiters (Franklin, TN) and the Society of Plastics Engineers (SPE; Bethel, CT), which found a rise in average base salaries and optimistic hiring predictions.
The uptick in machine shipments "is particularly encouraging in light of the slower-than-expected growth in the U.S. economy to start the year," said Bill Wood, the plastics market economist who analyzes and reports on the plastics machinery market sector for the CES. "The U.S. economy will build momentum in the second half of 2015, and the market conditions that favor business investment in new equipment—low interest rates and rising aggregate demand—will continue to prevail," added Wood in a prepared statement.