Chemicals Production EU Chemicals Production Increasing
According to Cefic’s latest Chemical Trends Report, EU chemicals production in June registered further improvement, increasing 10.6 percent compared with the same period in 2009.
Production in the first half of 2010 grew by 14.3 percent as compared with the same period last year. Those data confirm that the overall situation in the EU chemical sector has gradually improved since December 2008. Despite the overall trend, the monthly production index was lower during June 2010 — the first decline this year following increases during the previous five consecutive months. If the current trend continues, the index suggests that the recovery of EU chemicals activity will occur at a slower pace in the second half of the year.