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...
- European PP hits new highs after 3-digit hikes for January
- Turkey’s PP, PE markets open 2021 with supply-driven hikes
- Vietnam’s local homo-PP market retreats for 3rd week on subdued demand
- China’s PE demand wavers amid controls on environmental pollution and electricity use
- January trend takes shape in Egypt’s PP, PE markets
- Stats: Turkey’s 2020 polymer imports set to beat the 2017 record
- China PP, PE markets close 2020 on a soft note; SE Asia feels pressure
- Stats: China’s total PE imports down for 2nd month in November
- Egypt PET markets poised to end the year on a strong note
- China ABS prices move below SEA after 8 months