Eurozone industrial output growth slows in Oct
On a yearly basis, industrial output in the eurozone rose 0.7% in October after posting an increase of 0.2% in the previous month. Production of intermediate goods and durable consumer goods climbed 0.3% and 0.9%, respectively, while energy output was down 1.9% in October.
Meanwhile, according to data released by Office for National Statistics, the UK’s construction output unexpectedly declined in October. The country’s construction output was down 2.2% in October while on a yearly basis, output rose 0.7% to post the slowest rate of growth seen since May 2013.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- 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