US Q4 economic growth revised up to 1.4%
The economy grew 2.0% in the third quarter and for the full year of 2015 it expanded 2.4%. The upward revision in economic growth was driven by stronger consumer spending, which helped offset the negative effects of inventory surplus. Consumer spending rose 2.4%, up from 2.0% a month earlier. An improving labor market and rising home prices were also supportive factors which strengthened spending.
Large inventories and weak orders of capital goods during the January-February period also weighed down on economic growth.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PS, ABS markets take respite from rising streak in China, SEA
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers