Plastics processors continue to be optimistic about business conditions, according to our monthly Processors’ Pulse survey results.
Nearly two-thirds of processors surveyed in October said they were more optimistic or much more optimistic about the future of their business. There has been little change in the much more optimistic response since June 2011 while the somewhat optimistic response has fallen from its peak in late 2011/early 2012. Those that were somewhat less optimistic about their own business were a mirror image of those that were somewhat more optimistic.
While processors are generally optimistic about their own business they are not as optimistic about the economy as a whole. Fewer than half of the respondents are much more optimistic or somewhat more optimistic about the general economy. This is a pretty significant change from late 2011/early 2012.
That said, a significant number of respondents (again more than two-thirds) indicated they are either somewhat likely or very like to be buying capital equipment over the next 12 months.