U.S durable goods orders down in November
This sharp drop in durable goods orders in November was mainly driven by a decrease of 13.2% in orders for transportation equipment after increasing by 12.3% in October. Orders for non-defense aircraft and parts pulled the orders further down dropping by 73.5% in November.
Meanwhile, durable goods orders were slightly up by 0.5% in November excluding orders for transportation when compared to the increase of 0.9% in October and beat the expectations which called for a small increase of 0.2%. This rise was attributed to the increasing demand for primary metals, machinery and communications equipment.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- SE Asian PP, PE markets look for direction amid tepid demand, rising freights
- European PS, ABS markets open 2022 on firm footing
- Asia PET prices extend gains into January
- China’s PVC exports hit records in 2021; challenge global suppliers
- Stats: Turkey’s PP, PE imports on track for record-setting year
- What to watch in 2022 in polymer markets?
- Turkey’s PE markets retain downtrend as 2021 ends
- Asian PP, PE markets to start 2022 on a bearish note
- PET bottle prices rise 40% in 2021 across Asia
- Egypt’s PVC markets set to end 2021 on weaker footing