US industrial production rises in April
The data showed that the more-than-expected monthly increase was mainly driven by a rebound in manufacturing output by 1% in April after a fall of 0.4% in March. The reports revealed that the rebound in the manufacturing output was due to widespread increases in its major industries.
The data also showed that mining output rose by 1.2% in April after posting a decrease of 0.4% in the previous month while utilities output was further up by 0.7% after a sharp rise of 8.2% in March .
The data also showed that the capacity utilization in the industrial sector was up to 76.7% in April from 76.1% in March and stood above the expectation of 76.3%. Capacity utilization in manufacturing, mining and utilities sector also increased to 75.9% and 83.3% and 76.3% respectively.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Upsurge continues to wreak havoc on Turkey’s PP, PE markets
- PVC rally roars back in Asia as supply worries mount
- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins