Germany’s Dec industrial production at lowest of 8 years
The data indicated that industrial output was down by 3.4% in December excluding energy and construction. Energy and construction output as well as production of capital goods, consumer goods and intermediate goods dropped by 0.9%, 1.7%, 5.4%, 3.1% and 1.1% respectively.
Meanwhile, Germany’s factory orders posted the fastest monthly increase of more than two years in December by 5.2%, after a fall of 3.6% in November, on the back of the increase in domestic demand. The factory orders also posted a further annual increase by 8.1% in December following an increase of 2% in November.
The biggest rise in orders was seen in capital goods by at 9.7% while new orders for intermediate goods and consumer goods posted respective drops of 0.6% and 1.8%.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PET bottle fails to salve pandemic wounds; challenges mount as autumn begins
- Can LDPE uptrend hold in Asia?
- Europe PVC prices lag behind global markets, upward pressure mounts
- PS, ABS markets take respite from rising streak in China, SEA
- 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