US service sector flash PMI rebounds in Sept: Markit
The September flash PMI is 51.9 in September, beating analysts’ estimates calling for a reading of 51.2. Any reading above 50 indicates an expansion while any figure below 50 represents a contraction.
Markit noted that the September data gave mixed signals about the US economy because while the services sector recorded a jump, new orders slowed to a four month low and hiring slowed accordingly.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- 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
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market
- China’s PE uptrend fueled by US force majeures; LDPE soars to more than 1-year high
- Stats: China’s cumulative PP imports in Jan-July 2020 reach record-high
- Sept PP, PE trend begins to take shape in Saudi Arabia