China’s manufacturing PMI revealed for November
Accordingly, the latest official data showed that an index for new export orders slightly increased to 53.6 in November from a reading of 52.9 in October.
However, the data released by the Caixin Purchasing Managers’ Index, a private measure which captures mid-sized companies, showed that the country’s official manufacturing Purchasing Managers’ Index (PMI) declined to the reading of 50.8 in November from 51 in October, in line with the economists’ expectations of 50.9.
The decline was attributed to higher input costs and stricter pollution measures taken by the Chinese government.
The official services and construction industries PMI was slightly up to 54.8 in November from 54.3 in October.
Meanwhile, China’s GDP growth is expected to decline to 6.6% in the fourth quarter of 2017 from 6.8% in the previous quarter.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs
- Egypt’s PP, PE markets rise on tightness in September
- Logistics snarls propel import PP, PE offers higher in Europe
- Import PVC prices near all-time highs in India, disparity with China/SEA grows
- PP, PE supplies rise in China; demand lags behind expectations despite peak season
- Stats: China’s July PE imports increase after 3 months of declines
- Will Asia’s PS markets follow ABS higher on cost support?
- Sept PET expectations diverge in shade of opposite factors in Europe