US processors seeing growth, optimism for 2021, according to

US processors seeing growth, optimism for 2021, according to MAPP survey


US processors seeing growth, optimism for 2021, according to MAPP survey
Amy Steinhauser/MAPP
Senior executives at U.S. plastics processors are seeing improving financial results and feeling optimistic about the future, according to a recent survey by the Manufacturers Association for Plastic Processors.
The most important reason for optimism: a belief that COVID-19 vaccinations will open up the economy and consumer spending.
MAPP Executive Director Troy Nix presented the findings in a Jan. 22 webinar.
"When I was coming into this data and the analysis of this data, I was very, very cautious. But I will tell you that the deeper that I got into the data, the more optimistic I became. And not only about the momentum from the third to the fourth [quarter of 2020], but also about first-quarter forecasts and basically what we're looking at in terms of anticipation for 2021," Nix said.

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