WASHINGTON — Plastics machinery shipments rose by 5.5 percent in the second quarter measured by value — a growth rate stronger than overall industrial machinery, according to the Society of the Plastics Industry Inc.
SPI's Committee on Equipment Statistics said the value of shipments of primary plastics machinery — injection molding, extrusion and blow molding machines — was $303.5 million in the second quarter. That is an increase of 6.7 percent compared with the shipments from the second quarter of 2014, and 5.5 percent from shipments of $287.7 in the first quarter of 2015.
For the first half, the value of primary plastics equipment shipments was up 3.9 percent over the first half of last year, SPI said.
Washington-based SPI released the numbers Sept. 9.
The second-quarter plastics equipment gain was moderately stronger than another major industrial machinery market indicator from the Census Bureau, which showed the total value of general industrial machinery increased by 2.4 percent in the second quarter of 2015, compared to the second quarter a year ago.
And plastics economist Bill Wood said the plastics machinery sector has rebounded consistently since the Great Recession.