Germany’s exports unexpectedly fall 1.8% in May
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, data released by Germany’s Federal Statistics Office showed that the country’s seasonally adjusted exports dropped 1.8 % on the month in May, posting the biggest monthly decline since August 2015. However, economists’ expectations had called for an increase of 0.25% in a survey by Reuters.
The data also revealed that Germany’s seasonally adjusted imports edged up 0.1% on the month in May compared with market expectations of a 0.4% gain.
The decrease in exports was attributed to weaker global demand. In May, Germany’s industrial output posted its biggest monthly drop in nearly two years and factory orders also remained steady in May despite economists’ expectations which called for a growth of 1%.
The data also revealed that Germany’s seasonally adjusted imports edged up 0.1% on the month in May compared with market expectations of a 0.4% gain.
The decrease in exports was attributed to weaker global demand. In May, Germany’s industrial output posted its biggest monthly drop in nearly two years and factory orders also remained steady in May despite economists’ expectations which called for a growth of 1%.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- March hints at further hikes in European PP, PE markets
- India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom
- Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?
- SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival
- Türkiye’s PPH markets perform better than copolymers in February
- Margin recovery priorities outweigh supply imbalances in European PVC markets
- Asian PVC demand stagnant; recovery hopes shift to end of Q1
- Tough slog in S Korea’s petchem industry spells disappointing 2024 financial results; will government's recent plan help weather the storm?
- China’s PP, PE markets face post-holiday supply surge and tepid demand
- A tug-of-war unfolds in Türkiye as PVC demand struggles against rising costs
