Perc Pineda, PhD

Chief Economist & VP of Research

[Perc Pineda, PhD @PercPineda]

https://t.co/Nudq4tOLaA

[Perc Pineda, PhD @PercPineda]

https://t.co/4AcYc8emkR

[Perc Pineda, PhD @PercPineda]

https://t.co/wMGHm5VIeZ

[Plastics News @plasticsnews]

Machinery shipments buck tariff headwinds https://t.co/Xu7EaYXHxs

[Perc Pineda, PhD @PercPineda]

Plastics and rubber products manufacturing unemploment rate dropped to 1.1% in January from 4.7% in December. That’s lower than the 4.3% unemployment rate in the economy and the 3.5% unemployment rate in the manufacturing sector in January.

[Perc Pineda, PhD @PercPineda]

The unemployment rate in plastic and rubber products manufacturing dropped to 2.9% in February, confirming that the elevated 8.2% rate in January was transitory.

[Perc Pineda, PhD @PercPineda]

The U.S. economy grew by 2.8% in 2024, slightly surpassing PLASTICS' forecast of 2.7%.

[Perc Pineda, PhD @PercPineda]

https://t.co/1Thsm31kla

[Perc Pineda, PhD @PercPineda]

It seems that our quarterly forecast to members last week, predicting headline CPI inflation would settle at 2.9% in 2024, was right on target.

https://t.co/P7taVO6vvU

[Perc Pineda, PhD @PercPineda]

The Fed has cut rates by 25 basis points to a target range of 4.50%–4.75% in response to a cooling labor market and easing inflation. Another 25-basis-point rate cut is likely in December.

[Perc Pineda, PhD @PercPineda]

Hiring in August was weaker than expected. The unemployment rate in plastics and rubber products manufacturing increased from 3.0% in July to 4.2% in August, while the number of employees remained unchanged.

https://t.co/QwkgillkoR

[Perc Pineda, PhD @PercPineda]

Shifting U.S. manufacturing to high gear requires concrete state and federal policies to address workforce development challenges and a regulatory environment that enhances the manufacturing sector’s ability to tap productivity-increasing technology.

https://t.co/Lv8s5RlxiE

[Perc Pineda, PhD @PercPineda]

The Industrial Production Index for plastics product manufacturing was up 0.7% in May M/M. Y/Y it was up 1.4%. May saw the 4th consecutive monthly increase.

[Perc Pineda, PhD @PercPineda]

The significant reduction in the unemployment rate in plastics and rubber products manufacturing to 0.4% in May from 1.9% i n April suggests a strong consumer demand for plastics and rubber products. In May, 400 jobs were added in this sector.

https://t.co/wtzvScrgQ6

[PLASTICS (Plastics Industry Association) @PLASTICS_US]

Despite moderate economic growth & household spending, capital expenditures have continued to rise. In his new blog, @PercPineda explains what these trends mean for the economy and plastics industry. https://t.co/56oECBfAQ2

[Perc Pineda, PhD @PercPineda]

https://t.co/xoTNFPjCms

[fesposito22 @fesposito22]

LS Mtron opens Texas technology center with eye on US production https://t.co/DeoElT6bkY via @plasticsnews @LSMtronUSA @CatherineKav

[Perc Pineda, PhD @PercPineda]

Current interest rates are sustaining economic growth. Parsing the aggregate, housing and manufacturing sectors remain weak. The labor market remains strong, yet inflation persists at elevated levels. There's no need to excessively scrutinize the Fed's recent decision.

[Rhoda Miel @PNRhodaMiel]

In case you were wondering what it looks like inside the @NPEplasticsshow halls during move-in days.

[Perc Pineda, PhD @PercPineda]

2024-Q1 Real GDP grew 1.6%, below our 1.8% projection. PCE growth slowed to 2.5%; services consumption up 4.0%. Durable goods consumption down by 1.2%. Residential investment up by 13.9%, but nonresidential structure dipped by 0.1%. Equipment investment rose by 2.1%.