China’s manufacturing expands at fastest pace in nearly a decade
by ChemOrbis Editorial Team - content@chemorbis.com
China’s manufacturing expanded at its fastest pace since January 2011 with Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rising to 52.8 in July, survey results unveiled. The figure stood at 51.2 in June.
Any scores above 50 indicate expansion. July marked the manufacturing sector’s third straight month of growth amid China’s recovery from adverse impact of COVID-19 pandemic. Rising customer demand led to an increased production.
Meanwhile, new orders from overseas fell at the slowest rate in six months, as survey put it.
Any scores above 50 indicate expansion. July marked the manufacturing sector’s third straight month of growth amid China’s recovery from adverse impact of COVID-19 pandemic. Rising customer demand led to an increased production.
Meanwhile, new orders from overseas fell at the slowest rate in six months, as survey put it.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- African PP, PE markets extend gains into Sept on tightness
- European PS follows SM lower in Sept, ABS flat on tightness
- 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
