As the dust settles after the election, the economy is showing mixed signals. Key indicators like a strong labor market and solid consumer spending suggest stability heading into the holiday season, according to Plastics News Economics Editor Bill Wood. However, challenges persist, particularly in residential construction and manufacturing, which continue to underperform. The plastics industry has taken a hit, with October data showing drops in both output and capacity utilization.
Wood says markets appear to be pricing in potential inflation tied to President-elect Trump's policy proposals, including tariffs and tax cuts. While it’s too soon to gauge their full impact, these trends are worth monitoring as they may shape the economic landscape in 2025.
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