National Waste and Recycling Association Releases Third Quarter Industry Business Conditions Data
U.S. Waste Industry Revenue up to $21.7 Billion and Half of NWRA Members Report Increases in Employment for Second Quarter of 2015
The U.S. based National Waste and Recycling Association (NWRA) has released the findings of its second quarter Industry Business Conditions analysis. The report includes data from the U.S. Census Bureau’s Quarterly Services Survey (September 2015) and responses to NWRA’s quarterly business conditions survey conducted among its member companies. NWRA represents America’s private sector waste and recycling industry, more than 800 companies that collect and process solid waste and recycling, and those manufacturers and service providers that power the industry.
Highlights of the NWRA analysis include:
- Second quarter revenue rose 10.3 percent to $21.76 billion. 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, 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.”