Eurozone composite PMI declines in April: Markit
The lower index figure was attributed to a slowing recovery in the eurozone economy. According to Markit, the region’s flash services PMI index rose to 53.2 from a reading of 53.1 in March while the PMI for manufacturing activities in the eurozone decreased to 51.5 on a seasonally adjusted basis from March’s reading of 51.6. Analysts had expected these indices to rise to 53.3 and 51.8 in April, respectively.
The Eurozone economy is expected to grow by around 0.3% in the second quarter, down from initial predictions of 0.4% a week earlier.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market