PMMI Estimates 3.9 Percent Growth In Machinery Shipments

Canadian packaging machinery shipment growth eclipsed U.S. growth for the first time in five years, increasing by 5.7 percent, PMMI reports; the study also shows that the Canadian gross domestic product was 2.7 percent vs. 2.0 percent in the United States. Nearly two-thirds of Canadian shipments are exported, primarily to U.S. customers. Canada’s sales to end-use markets are quite similar to that of U.S. sales, with the same top three segments (food, beverage, and pharmaceutical) totaling nearly the same as in the United States.