Issue Date: October 31, 2011
Earnings Are Up Despite Slowdown
Earnings growth in the third quarter was strong for the chemical industry, belying a global economic recovery stuck on hold. Company reports show that rising prices fueled most of the earnings gain. The pricing trend began early in the year in an effort to make up for higher raw material and energy costs but recently has also helped to counter slowing, and, in many cases, contracting sales volumes.