Plastics Products Forecast: Momentum Building in Second Half of 2013
In the third quarter of 2012, the Federal Reserve Board’s data on the total output of plastics products (this is a measure of the volume of plastics parts manufactured) escalated by 4% when compared with the third quarter of 2011, and it was also up 1% from the second quarter of this year.
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The major end-markets of plastics products are poised to increase their rate of growth as soon as aggregate demand starts to accelerate. The end-markets related to the housing sector (appliances and retail sales) are past their cyclical bottoms and are both expected to rebound in 2013. The upward trend in motor vehicle assemblies and medical products is well-established and will continue through the next couple of years. Production of computer products will benefit from the increases in both consumer spending and business investment that are also expected to accelerate in 2013 and beyond.
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