Eurozone factory output falls for second straight month in Sept
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, data from Eurostat showed that industrial production in the eurozone fell for a second straight month in September, declining by 0.3% from a month earlier. Economists had expected to see a stable trend in industrial output in September. On a yearly basis, however, the region’s factory output rose 1.7%. Slower production from regional powerhouse Germany, which saw a 1.2% drop in factory orders on the month, was cited as the main reason for the downturn.
The data revealed that production of durable consumer goods slipped 3.9% month over month in September while production of non-durable goods and capital goods fell 1% and 0.3%, respectively. However, production of intermediate goods remained steady while energy production climbed 1.2% in September from a month earlier.
Across the region, the largest decreases in industrial production on a monthly basis were reported in Ireland (-2.4%), Lithuania (-2.3%) and Greece (-1.9%) while the largest increases were seen in Croatia (+5.9%), Hungary (+2.9%), the Czech Republic (+2.6%) and Slovakia (+2.2%).
The data revealed that production of durable consumer goods slipped 3.9% month over month in September while production of non-durable goods and capital goods fell 1% and 0.3%, respectively. However, production of intermediate goods remained steady while energy production climbed 1.2% in September from a month earlier.
Across the region, the largest decreases in industrial production on a monthly basis were reported in Ireland (-2.4%), Lithuania (-2.3%) and Greece (-1.9%) while the largest increases were seen in Croatia (+5.9%), Hungary (+2.9%), the Czech Republic (+2.6%) and Slovakia (+2.2%).
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- 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
