Germany’s factory orders surge in December
An increased number of orders from the eurozone was cited as the main reason behind the acceleration in the country’s factory orders while slumping crude oil prices and the European Central Bank’s most recent stimulus measures reportedly helped the country’s factory orders improve in the last month of 2014. Factory orders from the eurozone increased 5.9% in December.
In addition, Germany’s domestic demand rose 3.4%. Orders for basic goods climbed 2.8% while investment goods orders expanded 5.7%. However, orders for consumer goods fell 0.6%.
On a yearly basis, meanwhile, Germany’s factory orders grew 3.4%.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PP uptrend falters in Indonesia amid downstream resistance
- Will European PE market sustain uptrend following higher ethylene?
- COVID-19 resurgence weighs on polymer sentiment in Vietnam
- Stats: Turkey’s H1 polymer imports defy pandemic, hit all-time high
- Stats: China’s total PP, PE imports set a new record in H1 2020
- Lackluster demand outweighs tightness in Asian ABS markets
- Will costs drum up support for a 3rd-month-firming in Europe PET market?
- Import PE markets give softening signals in China, SE Asia
- PVC supplies tight, demand robust across Europe
- China’s local PP, PE markets snap nine-week rally