North American Shipments of Plastics Processing Equipment Decline in Q1 2024, Reflecting Overall Pullback in the Macroeconomy on Nostr: North American Shipments of Plastics Processing Equipment Decline in Q1 2024, ...

North American Shipments of Plastics Processing Equipment Decline in Q1 2024, Reflecting Overall Pullback in the Macroeconomy
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#530af4d5 ver:0.04

North American shipments of plastics processing equipment declined in Q1 2024, reflecting a pullback in the macroeconomy. US retail sales and producer prices have decreased, leading economists to conclude that the rate hiking cycle is over. Industrial production fell more than expected, with a 10% drop in motor vehicle output due to strikes. Construction productivity has also declined, causing a drag on the economy. In the plastics processing industry, there has been a leveling or slowing of contraction. The shipment value for Q1 2024 was $261.9 million, reflecting a 24.8% decrease from the previous quarter. #economy #manufacturing #plastics...

#newstr #UsEconomy #RetailSales #ProducerPrices #IndustrialProduction #AutomotiveIndustry #ConstructionSector #PlasticsProcessingIndustry #Shipments #NorthAmerica

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