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...
- RCEP to boost Asia-Pacific polymer trade; will global PP, PE trade flows change?
- PVC sellers’ India pricing strategy may differ from other Asian markets
- More US PE offers find way to China, SE Asia; yet allocations still limited
- European PVC market hits 2-year high on tightness
- Supply constraints send key ABS markets to new highs
- Tightness leads to renewed PP hikes in China; Saudi raffia moves above $1000 CIF
- Asian PVC players brace for 7th straight monthly hike in Taiwanese major’s delayed Dec offers
- Saudi major seeks hikes for November in global PE, PP markets
- Bullish sentiment for PE cools off across globe, LD remains resilient
- Bullish run for PVC enters 6th month in Turkey: Supply relief under question