Germany’s factory orders rebound in Feb
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data released by Destatis, Germany’s factory orders rebounded in February after a sharp fall in January.
The country’s factory orders increased by 3.4% on a monthly basis following a revised fall of 6.8% in the previous month. However, the rise fell below the estimates of an increase of 4%.
The rise in factory orders in February was mainly driven by an increase of 8.1% in domestic orders, 8.5% in intermediate goods, 2.7% in consumer goods and 0.3% in capital goods.
The country’s factory orders increased by 3.4% on a monthly basis following a revised fall of 6.8% in the previous month. However, the rise fell below the estimates of an increase of 4%.
The rise in factory orders in February was mainly driven by an increase of 8.1% in domestic orders, 8.5% in intermediate goods, 2.7% in consumer goods and 0.3% in capital goods.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation
- Slump deepens in European plastics recycling industry
- SE Asia’s PPH regains premium over China after 3 weeks
- Stats: China rapidly expands its share in SE Asia’s PP markets
