Future expectations reach 2024 high on the heels of the recent election.
Future business indicators rose again this month, but other inputs changed only slightly.
While the market is still sluggish, future business outlook rose significantly from last month.
Four months of consecutive contraction overall.
Plastics processing GBI contracted for the third month in a row.
Plastics activity took a relatively big downturn in June, ending at a low for the year and lower than the same month a year ago.
Plastics processing took a downturn in May, the first appreciable dip since November 2023.
Plastics processing kept pushing along in April, landing less than one point shy of expansion.
Plastics processing activity didn’t make its way into expansion territory in March, but seems headed in that direction.
Index holds steady as optimism about future business conditions continues to increase among processors.
While still in contraction mode, the index came in at highest level since March 2023.
Like December 2022, the December 2023 index represents increased activity following dips in November.