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Plastics confidence ‘increasing’

Plastics recyclers are looking to employ more staff over the next year, according to the latest business survey by the British Plastics Federation (BPF).

The study revealed “notable” plans by plastics recyclers to increase staff, whereas its January survey found recyclers were “generally not expecting to increase staff”.

Of those BPF members polled for the latest report, 51% said they were expected staffing levels to remain unchanged while 28% said they would be taking on more employees. A fall in staff levels was predicted by 15%.

About two-thirds of plastics companies expected sales turnover to increase in the next 12 months, up from just over half in January.

Increased profitability was anticipated by 41% of respondents, up from 36% in January.

But the survey may indicate a seasonal trend, with optimism increasing over the summer.

Confidence in increased sales turnover was reported at 66% in July 2011 before dipping to 54% in January 2012. In July 2012 it rose to 71% before falling back down to 55% in January 2013.

BPF members were also asked their opinions on a range of subjects including Scottish independence and membership of the EU.

Peter Davis, the BPF’s Director General said: “Broadly our members want to stay in the EU but they strongly rejected the euro replacing the pound sterling, with 74% saying ‘no’.”

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