US durable goods orders continue to decrease in May
The decline in durable goods orders in May was driven by a sharp fall of 3.4% in orders for transportation equipment in the same month following a drop of 1.8% in the previous month. Under this segment, the largest decreases were seen in the orders for defense and non-defense aircraft and parts by 30.8% and 11.7%, respectively. Excluding orders for transportation, durable goods orders were up slightly by 0.1% in May after a drop of 0.5% in the previous month.
The data showed that capital goods orders also posted a decrease of 3.1% in May from a fall of 2% in the previous month.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains
- Egypt’s import PP, PE markets flat but domestic prices turn upwards in Nov
- PVC downturn enters 7th month, prices still far from pre-pandemic levels in Europe
- Aggressive US PE offers make a scene across global markets in Q4 after a hiatus of 2 years
- SEA cracker outages and lack of deep-sea cargoes underpin olefin prices in Asia
- US origin hammers import PVC prices into Asia
- China PE markets stay bearish with import prices below new thresholds