European Chemical Industry

Production Decline for European Chemical Industry

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EU Chemicals Confidence Indicator (CCI) Falls in May 2012

According to the latest EU Commission report (business and consumer survey results, 30 July, 2012), confidence in the EU chemicals industry deteriorated markedly (-5.4) in May 2012, based mainly on a strong deterioration in managers' expectations for the months ahead (-8.5). Moreover, manager’ assessment of their companies' current level of order books deteriorated sharply (-4.2). Also, the assessment of the adequacy of current level of stocks of finished products worsened.

Managers' assessment of their companies' past production and current level of export order books also deteriorated. Employment plans were further revised down. At the same time, selling price expectations decreased modestly. Capacity utilisation decreased in the second quarter of 2012, to 78.3 per cent in the EU chemicals industry.

In spite of debt and banking crisis in the European Union, the chemical industry in major European markets defies the trend: As the German Industry Association VCI stated, the chemical business bets on domestic markets. More in Europe's Big Chemical Companies Hold Their Own Despite Crisis

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