Eurozone composite PMI hits more than six-year-high
The composite PMI rose to a reading of 57.5 from a reading of 56 in October, its highest since April 2011.
New orders showed the biggest increase since February 2011 while goods exports surged at a record pace.
The manufacturing PMI rose to its highest levels since June 1997 and was reported at 60.1 in November from a preliminary reading of 60 while services PMI increased to 56.2 from 55.0 in October.
Meanwhile, France’s and Germany’s economies continued to grow robustly while the rest of the eurozone recovered from last month’s nine-month low. Germany’s manufacturing PMI rose to 62.5 from 60.6 in the previous month while France’s manufacturing PMI accelerated to 57.7 amid an improving manufacturing sector in the country.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Further price cuts in Vietnam’s PP market fail to revive demand
- Asian PS, ABS markets remain weak on rising trade tensions
- Spot styrene sharply down in Europe and Asia
- Expectations soften for PP raffia, fibre yet to follow in Turkey
- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets
- European PVC offers to Turkey shrug off higher costs