Extrusion International 6-2023-USA

33 Extrusion International 3/2022 Analysis Released: UAW Strike’s Impact on Plastics and Auto Industries PLASTICS has released an official analysis of the United Auto Work- ers (UAW) strike’s impact on the plastics and automotive industries, authored by PLASTICS Chief Econo- mist, Dr. Perc Pineda. Dr. Pineda writes, “The ongoing UAW strike in the automobile sector has significant implications for both the industry itself and its intercon- nected sectors, including the plastics industry. The complex interplay of labor disputes, production adjust- ments, and economic repercussions underscores the challenges in evalu- ating its impact on these industries.” To read the full analysis: https://www.plasticsindustry.org/ blog/the-uaw-strike-whats-the-impact- on-the-automotive-and-plastics- industries/ Analysis Released: Third Quarter GDP Report’s Impact on Plastics Industry PLASTICS has released an official analysis of the third quarter GDP report’s impact on the plastics in- dustry, authored by PLASTICS Chief Economist, Dr. Perc Pineda. Dr. Pineda writes, “Today's advance estimates of the third-quarter U.S. gross domestic product (GDP) reveal an economy exhibiting resilience, countering concerns about a poten- tial contractionary phase in the busi- ness cycle. The 4.9%annual increase in GDP for the third quarter follows a 2.1% increase in the second quar- ter and a 2.2% increase in the first quarter.” To read the full analysis: https://www.plasticsindustry.org/ blog/resilient-u-s-economy- defies-slowdown/ 2023 Q3 Committee on Equipment Statistics Report Issued PLASTICS released the Commit- tee on Equipment Statistics’ (CES) report for the third quarter of 2023, authored by Chief Economist, Dr. Perc Pineda. “At the start of this year, there was a double-digit decline in pri- mary plastics machinery shipments. Following a 1.5% gain in shipments during the second quarter, there was a reversal, resulting in a 1.5% loss in the third quarter," writes Dr. Pineda. "The decline in shipments seems to have moderated on both a quarterly and year-over-year basis, aligning with the rising economic output from the first to the third quarter of this year." To read the report: https://8568633.fs1.hubspotusercon- tent-na1.net/hubfs/8568633/ CES_Media_Report_Q3%202023.pdf Dr. Perc Pineda www.smart-extrusion.com