Eurozone PMI moves higher in January: Markit
Across the region, Italy’s PMI posted the strongest reading in four months with a reading of 49.9 in January. Analysts stated that all sub indices showed positive readings even though the country is still facing weak domestic demand. In France, the manufacturing index rose to an eight month high in January to post a reading of 49.2 compared with a reading of 47.5 in the preceding month. According to Markit analysts, the country continues to face significant challenges stemming from the fragile demand situation.
However, Germany’s PMI declined to a reading of 50.9 in January from 51.2 in December due to slower job creation. According to analysts, lower oil prices may spur additional growth in the German economy.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion
- Optimism is rising on resurgent demand in European polymer markets