Washington, DC, USA – According to the National Waste and Recycling Association (NWRA) findings of the latest US Industry Business Conditions analysis, second quarter revenue rose 10.3 percent to $21.76 billion (€19 b). This follows a first quarter drop of 11.7 percent, which was largely attributable to winter weather and depressed global commodities prices.
Industry revenue for the first half of 2015 was $41.5 billion (€36,3 b), down 5.3 percent from the same period in 2014.
More than one-half (58 percent) of respondents to the NWRA Business Conditions Survey feel economic conditions will improve in the next three to six months. Nearly one-half of respondents reported increases in employment in the second quarter. And 30 percent of respondents expect to increase employment ,while two-thirds expect employment to hold steady.
“The industry data for the quarter shows solid economic conditions for the industry,” commented Bret Biggers, director of standards and statistics for NWRA. “While the industry continues to be subject to increased costs and the extreme fluctuations in global commodity markets, we are seeing strength in the sector in terms of increasing revenues and only four percent of survey respondents expecting to reduce employment as we head into the winter months.”
The National Waste & Recycling Association is the leading organization providing leadership, advocacy, research, education and safety expertise for the waste and recycling industries. NWRA advocates at the federal, state and local levels on all issues of importance to our member companies as they provide safe, economically sustainable and environmentally sound services to communities in all 50 states and the District of Columbia.
Source: National Waste & Recycling Association