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Purchasing for Q1 2013 Still on Track

February 21, 2013

Editorial Contact
Kate Achelpohl
Director, Member Communications
703.243.8555
kachelpohl@pmmi.org

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FOR IMMEDIATE RELEASE

Purchasing for Q1 2013 Still on Track

Reston, Va.; Feb. 21, 2013 —Packaging machinery investments appear set to move ahead according to plan, and perhaps a little better, according to PMMI’s Purchasing Index for the first quarter of 2013 (Q1 2013). The report, based on data from 245 machinery end users, notes that while almost all indicators predicted growth for Q1 2013, the beverage, food and chemical segments appeared poised to outpace the market as a whole.

“The data indicate that for most of the surveyed companies, first quarter packaging machinery purchases would move forward,” says Jorge Izquierdo, director, market development, PMMI, noting that the “Q1 2013 vs. Initially Scheduled Projects” index is 55..

An index of 50 represents the midpoint, where responses are divided fairly equally between increases and decreases in activity. Above the midpoint, the market is seen as generally expanding; below 50 indicates contraction.

Survey data show the midpoint each specific index clearly above the midpoint: Q1 2013 vs. Q4 2012 at 62.3, Q1 2013 vs. Q1 2012 at 65.6, and 1Q 2013 vs. Initially Scheduled Projects at 55. However, this is 2.2 points lower than projections for the fourth quarter of 2012.

“The vast majority — 87.2 percent — said they either increased or maintained their spending plans for this quarter, ” Izquierdo adds. “Just 12 percent anticipated delays or cancellations of purchases..”

PMMI’s Purchasing Plan Survey covers seven markets: Beverages, Durables/Industrial/Hardware, Foods, Chemicals, Paper/Non-Durables, Cosmetics/Personal Care, and Pharmaceutical/Medical Devices.

For more information, contact Paula Feldman, director, Business Intelligence, PMMI: pfeldman@pmi.org or 703.243.8555.

About PMMI
PMMI is a trade association representing 600+ packaging and processing supply chain companies that provide a full range of packaging and processing machinery, materials, components and containers. PMMI actively brings buyers and sellers together through its various programs including: The PACK EXPO family of trade shows, PACK EXPO Connected Communities, packexpolasvegas.com, PMT Magazine, PACK EXPO Show Daily, networking events, educational programs and more. 
 
PMMI organizes the PACK EXPO trade shows: PACK EXPO International, PACK EXPO Las Vegas, EXPO PACK Mexico and EXPO PACK Guadalajara, connecting participants in the packaging and processing supply chain with their customers around the world. oming Up: EXPO PACK Guadalajara, Feb. 27–March 1, 2013, in Guadalajara, Mexico; EXPO PACK México, June 18-21, 2013, in Mexico City; PACK EXPO Las Vegas at the Las Vegas Convention Center, September 23–25, 2013, and PACK EXPO International 2014 at McCormick Place in Chicago, Nov. 2–5, 2014. 
 
Learn more about PMMI and the PACK EXPO trade shows at PMMI.org and packexpolasvegas.com.

 

 





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