Germany’s exports and import fall in October
On a yearly basis, Germany’s total exports to countries within Europe increased 3.3% in October compared with the same month of 2014 to €106.2 billion ($117 billion) while exports to countries outside Europe declined 0.9% from October 2014. Slower demand from the Chinese and Russian economies was cited among the main reasons why German exports came down outside Europe.
The country’s trade surplus, meanwhile, increased to a seasonally adjusted €20.3 billion ($22.3 billion) in October from a revised €19.3 billion ($21.2 billion) in the previous month, which exceeded economists’ initial forecasts of a surplus of €20.1 billion ($22 billion), according to a survey by the Wall Street Journal.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- 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
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion
- Optimism is rising on resurgent demand in European polymer markets