The National Waste and Recycling Association (NWRA) – the trade association representing private-sector US waste and recycling companies – has released the findings of its second quarter Industry Business Conditions analysis and it shows revenues and employment in the sector both on the rise.
Industry revenue rose to $21.7bn and half of the NWRA members reported increases in employment rates for the second quarter of 2015.
The report includes data from the U.S. Census Bureau’s Quarterly Services Survey and responses to NWRA’s quarterly business conditions survey conducted among its member companies. It represents America’s private sector waste and recycling industry, covering 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 $21.76bn, following a first quarter drop of 11.7 percent
- Industry revenue for the first half of 2015 was $41.5bn, down 5.3 percent from the same period in 2014
- 58 percent of respondents feel economic conditions will improve in the next three to six months
- Nearly half of respondents reported increases in employment in the second quarter
- 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.”