Packaging Machinery Purchasers Confirm Companies’ Predictions

Cuts and Boosts Balance Out
More than half of the companies surveyed (55.6 percent) said they would not change their purchasing plans for the year. Of the remainder, 22.5 percent say they revised their budgets higher; 21.9 percent have cut back. Mid-sized companies (six to 25 packaging lines) had the highest rate of budget increases (25 percent), and larger firms (more than 25 lines) had the highest rate of budget cuts (29 percent).