The Perc Report includes monthly highlights on the most up-to-date plastics industry economic data, along with recent activities, articles, and blogs which you may have missed.
The Perc Report includes monthly highlights on the most up-to-date plastics industry economic data, along with recent activities, articles, and blogs which you may have missed.
The Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters revised its GDP growth forecast upward to 2.2% from 1.9%.
The Industrial Production Index on manufacturing recorded a 0.5% decline in October, marking a second consecutive monthly pullback.
Household expenditures on food and beverage for off-premises consumption increased by $8.8 billion in Q3 2024 compared to Q2.
The Federal Reserve Bank of Atlanta reported that year-ahead business sector sales revenue growth expectations returned to their pre-pandemic average of 4.4%.
The 30-year fixed rate mortgage increased to 6.8% as of November 21, 2024, while the unemployment rate in construction increased from 3.7% in September to 4.2% in October.
U.S. plastics demand was estimated at $22.0 billion in September, marking a 1.1% increase from the $21.8 billion estimate in August. Year-over-year, plastics demand decreased by 0.3%.
You can access the most recent Plastics Demand Estimate here link: here.
The unemployment rate in plastic and rubber products manufacturing dropped significantly, falling from 5.9% in September to 2.2% in October.
The inflation-adjusted value added, or the contribution to GDP, of plastic and rubber products manufacturing reached $63.5 billion in Q2 2024, exceeding the value added of paper products ($56.0 billion) and nonmetallic minerals ($50.7 billion).
The U.S. recorded a $38.5 million trade deficit in recyclable plastics materials during Q3 2024, representing 51.7 million kilograms of trade.
Materials and supplies inventories for plastic and rubber products manufacturers stood at $14.5 billion in September, up 1.3% from August but slightly down 0.1% compared to September 2023.
The Producer Price Index (PPI) for plastic bottle manufacturing rose for the third consecutive month in October, increasing marginally by 0.3% month-over-month and 1.3% year-over-year.
Motor vehicle assembly data through the end of the third quarter are now available on the PLASTICS website. It has followed a non-linear trend over the last two years, indicating fluctuations in the motor vehicles end market.
As part of our commitment to keeping you informed and up-to-date on the latest industry trends and economic data, I will be speaking at the following events:
