NEWS
The World’s No. 1 Trade Fair for Plastics and Rubber
Primary Plastics Machinery Shipments Source: Plastics Industry Association/CES
US machinery activity looks “encouraging”
Deliveries of primary plastics machinery (extru- sion and injection moulding equipment) in North America improved in Q2 of this year, according to the Plastics Industry Associa- tion’s Committee on Equipment Statistics (CES), up by 8% on Q1 to a preliminary estimate of $295m. The result represents a
13% year-on-year decline on Q2 2018, following a 27% year-on-year fall in Q1. “The second quarter numbers are encouraging, but machinery shipments remain comparatively lower than the previous quarters,” said Perc Pineda, Chief Economist at the associa- tion. “What’s happening is not surprising, judging from the macroeconomic environ- ment. Real business invest- ment spending in the second quarter fell, and investment spending in industrial equipment
www.compoundingworld.com
flattened in the second quarter,” said Pineda. Q2 shipments of twin
screw extruders were down 29.5% in value on 2018. US machinery exports
were up by 4.3% on Q1, with Mexico, Canada and Germany the largest export markets accounting for 53% of the total. However, the US-China trade war appears to be having an impact, with exports to China in Q2 down by 37% on the same period in 2018. Pineda said ongoing
trade issues needed to be resolved. “Mexico has ratified the
US-Mexico-Canada Agree- ment (USMCA), but the US and Canada have yet to sign off on this trade pact. Unless that is resolved, the uncer- tainty from the ongoing US-China trade dispute will continue to run high and will negatively impact not only the plastics industry but the global economy,” he said. �
www.plasticsindustry.org
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