Germany’s August factory output falls at fastest pace in a year
Summer holidays and slowing Chinese economy which hurt the country’s external demand were cited as the main reasons behind weaker industrial output.
In August, the country’s factory orders fell at a faster pace than expected. Factory orders declined 1.8% on a seasonally and inflation-adjusted basis while economists’ initial expectations had called for a drop of 0.5%.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Vietnam PP market yet to respond to faltering upturn in China
- Turkey’s PE market stuck between weak fundamentals and up pressure from China
- Firming PP trend falters in China’s local market
- European players question if bottom is near for PE
- Asian ABS players turn cautious after recent rally
- July PVC dealt lower in Europe, what lies ahead for August?
- China’s Jan-May total polymer imports hit a record of nearly two decades
- India’s local PVC market soars to 6-month high after customs hike
- China’s export PET market faces correction after rising 10% from two-year-low
- Spot propylene moves in opposite directions in Asia and Europe