Germany’s factory orders fall in April
The data showed that the country’s factory orders decreased by 2.1% month-on-month in April after a revised rise of 1.1% in March and fell below the estimates of a slight fall of 0.3%. This was also the first fall in three months.
The monthly decrease in April was mainly driven by a decrease in foreign orders by 3.4% from a month earlier with orders from the euro area declining by 1.4% and from other countries by 4.8%.
Meanwhile, domestic orders fell by 0.2% on a monthly basis.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PVC snaps an 8-month downtrend, players remain skeptical in Turkey
- China boosts polymer imports from US again despite shrinking overall imports in 2022
- Asian PVC prices cautiously rebound from more than 2-year lows
- Freight rates near pre-Covid levels as pace of normalization accelerates
- Bleak outlook for Q1 keeps European PP, PE buyers sidelined
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows