Packaging Industry Stable Market for Mold Manufacturers
Data source: Federal Reserve Board
Forecast: Mountaintop Economics & Research, Inc.
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Demand for plastic packaging products is driven by consumer spending patterns, and there are two major trends emerging in the data right now. First, after a year of steady declines, the monthly data has recently started to rebound. The moderate growth in October is benefitting from a very weak comparison from a year ago, but the data has stopped declining and will soon gather momentum. The second trend is that growth is skewed towards necessities. Sales at drugstores are benefitting from the H1N1 epidemic. Discount stores and wholesale clubs are also growing faster than average.
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