Good news for the food production and preparation industry.
According to a new report by Quarterly Economic Outlook Planning For First Quarter of 2018,
“The majority of segments of the US core economy are expanding, and leading indicators corroborate expectation of accelerating growth into the first half of 2018.” (packagingworld.com)
This includes one of the US’s biggest industry — food production and preparation. There has been a steady rise in global demand, and the prices of commodities have also increased, causing the growth of the food production sector.
The report also states:
“US consumers are finding themselves in an optimal economic situation consisting of rising real wages, low unemployment, low inflation, low interest rates, a rising stock market, and relatively-low commodity prices.”