Orders for durable goods unexpectedly fall in Dec in US
The report showed that orders for transportation equipment slumped 9.2% in December following a decrease of 3.9% in the previous month while order for non-defense aircraft and parts also significantly declined by 55.5% in December.
The Commerce Department also reported that durable goods orders excluding orders for defense-related items, which is an indicator of business spending, narrowed 0.6% in December to match the November decline.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Tightness shapes expectations for Sept PVC pricing in Asia
- 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