The European Commission consumer confidence indicator increases for the EU in September, up by 1.1 points, according to the Commission’s press note.
The data suggests likely healthy demand towards the end of the year for many downstream markets.
The indicator softened during the past two month, probably owing to uncertainty about the pandemic.
As the pandemic continues to ease, the indicator is likely to remain in positive territory in the next few months.
Moreover, “the indicator is above its pre-pandemic level”, according to the press note by the European Commission.
Meanwhile, demand for most polymers has remained strong during the pandemic, helped by distortions in spending in favour of goods.