news US machine orders rise in Q2
North American shipments of plastics machinery rose 2% in the second quarter of this year, according to the Society of the Plastics Industry (SPI). Shipments of primary
plastics machinery (extrusion, injection moulding and blow moulding equipment) exceed- ed $312 million in the second quarter. While this was 2% higher than the same period in 2015, it was 5.6% less than the first quarter of this ytear. Year-to-date shipments of primary plastics equipment are currently up 7.6% compared with the first half of 2015. “The quarterly compari- sons will become more
difficult in the coming quarters, so the trend of gradual moderation in the growth rate will likely con- tinue,” said Bill Wood, the plastics market economist who analyses the results for SPI. “But the incentives to invest in new equipment will persist, so the shipments totals are expected to stay close to the current levels.” There was wide variation in
results for each type of machinery. Compared to Q2 in 2015, single-screw extruders increased 12.4%, though twin-screw extruders (both co-rotating and counter-rotat- ing) fell more than 35% in the
same period. For comparison, injection moulding machinery rose 7.3%, while blow mould- ing machines fell by more than 17%.
New bookings of ancillary equipment for reporting companies reached nearly $124m in Q2, a rise of 1.4% compared to last year. It was also 3% higher than the first quarter of this year. In an ongoing quarterly
survey of machinery suppliers, 77% of respondents expect market conditions to hold steady or improve over the next 12 months. This is down from 84% in the previous quarter. The outlook for global
market conditions has also changed: Europe has emerged as the region with the strongest expectations for improvement in the coming year. Mexico and North America are expected to be steady-to-better. The outlooks for Asia and Latin America are less optimistic than in the last quarter, but most expect conditions to hold steady. As for end-markets, the
respondents to the Q2 survey expect that medical and packaging will enjoy the strongest growth in demand for plastics products and equipment in the coming year. ❙
www.plasticsindustry.org
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