MH Daily Bulletin: November 29

November 29, 2022 • Posted in Daily Bulletin

News relevant to the plastics industry:

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Supply

Europe’s LNG import capacity set to expand by one-third by end of 2024
Majority Supports Global Rules to End Plastic Pollution

Supply Chain

Domestic Markets

Holiday Spending Grows Despite Inflation Woes
  • U.S. orders for durable goods jumped 1% in October.
  • The Dallas Fed’s index of Texas manufacturing activity remained well inside contraction territory in November:
United States Dallas Fed Manufacturing Index
  • Dollar Tree’s quarterly comparable-store sales at its namesake stores grew 8.6%.
  • Urban Outfitters’ quarterly net sales rose 3.9%, with a decline in sales for its Urban Outfitters brand offset by solid growth at its Anthropologie and Free People business units.
  • Embattled Bed Bath & Beyond is struggling to keep its stores stocked for the holiday season with over 40% of its SKUs out of stock in October.
  • Home-furnishings seller United Furniture Industries abruptly laid off all its employees and ordered all its over-the-road truck drivers back immediately as part of a shutdown.
  • U.S. airports saw over 2.56 million travelers Sunday, surpassing pre-pandemic levels.
  • Existing U.S. home sales have fallen for nine straight months as mortgage rates near 7%. Home prices could soon start to plunge as inventory builds, experts say.

International Markets

Euro Area Economic Sentiment Indicator

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