Chief Economist & VP of Research
Joined December 2015
- Tweets 477
- Following 58
- Followers 269
- Likes 43
9 Photos and videos
Perc Pineda, PhD retweeted
Mar 16
Machinery shipments buck tariff headwinds plasticsnews.com/suppliers/m…
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Feb 11
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.
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7 Mar 2025
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.
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30 Jan 2025
The U.S. economy grew by 2.8% in 2024, slightly surpassing PLASTICS' forecast of 2.7%.
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15 Jan 2025
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.
cnbc.com/2025/01/15/cpi-infl…
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7 Nov 2024
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.
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6 Sep 2024
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.
nytimes.com/2024/09/06/busin…
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22 Jun 2024
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.
wsj.com/business/marvin-warr…
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18 Jun 2024
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.
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7 Jun 2024
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.
barrons.com/livecoverage/may…
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Perc Pineda, PhD retweeted
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. brnw.ch/21wKwa9
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Perc Pineda, PhD retweeted
8 May 2024
LS Mtron opens Texas technology center with eye on US production plasticsnews.com/news/ls-mtr… via @plasticsnews @LSMtronUSA @CatherineKav
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2 May 2024
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.
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Perc Pineda, PhD retweeted
29 Apr 2024
In case you were wondering what it looks like inside the @NPEplasticsshow halls during move-in days.
29 Apr 2024
Our #NPE2024 machine has arrived in Orlando! We are getting ready to welcome our customers and visitors to our beautiful booth #W2761.
#bekum #bekumamerica #blowmolding #NPE2024
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25 Apr 2024
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%.
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