India’s economic growth accelerates from July to October
The country’s economic growth suggested a rebound from the previous quarter, when there was a sharp decrease to a three-year low. However, the 6.3% growth still fell short of the analysts’ expectations.
The Nikkei India manufacturing Purchasing Managers’ Index also rose to a 13-month high of 52.6 in November from last month’s 50.3 on the back of rising output, according to the reports. A reading above 50 indicates economic expansion, while a reading below that points to contraction.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Are PP decreases slowing down in Türkiye?
- Europe’s polymer markets open Oct with drops; PVC defies the odds
- China’s PP, PE markets enter post-holiday period on firm note
- Import PP copolymer prices hit year-to-date lows in Türkiye
- Demand doldrums weaken Vietnam’s PP market, import prices hit 9-month low
- NEA olefins fall further as China’s Golden Week halts demand; SEA finds stability
- India’s PP, PE markets wait for buyers to return as monsoon ends
- Oil price forecasts revised lower amid volatile market
- China’s comeback: What’s in store for polymer markets after the break?
- Asian PET bottle markets continue to soften amid anemic demand