US manufacturing PMI slows down in November
Accordingly, the country’s final Purchasing Managers’ Index (PMI) fell to 53.9 in November compared with 54.6 in October.
The data showed that the country’s output increased, albeit slowly, in November due to greater order volumes and robust demand while new orders rose at the second-fastest pace in nine months. The latest upturn in new orders was attributed to higher demand from domestic and foreign markets.
The data also revealed that exports sales also increased in November while buying activity grew at the strongest pace since February amid larger new order volumes.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets
- European PVC offers to Turkey shrug off higher costs
- Asian PVC players hold firm expectations for June
- May PP, PE offers to Mid-East, Africa remain stable to firm
- Global energy producers report lower Q1 results amid volatile crude prices
- China’s Q1 polymer imports set a new record near 6 million tons