According to a recent report by the SPI: The Plastics Industry Trade Associations’ Committee on Equipment Statistics, for the second straight quarter, North American shipments of plastics machinery registered a strong year-over-year increase in the first quarter of 2016. Shipments of primary plastics equipment (injection molding, extrusion, and blow molding equipment) for reporting companies totaled $330.5 million in the first quarter. This was 13.5 percent higher than the total of $291.2 million in Q1of 2015.

The trend upward in the CES data corresponds with the long-term trends in the two major data series compiled by the US government that measure overall demand for industrial machinery. According to the Bureau of Economic Analysis, business investment in industrial equipment escalated 6.3 percent (seasonally-adjusted, annualized rate) in Q1 of 2016 when compared with Q1 of 2015. This follows a gain of 6.5 percent in the fourth quarter of last year.