Volume 89 Issue 44 | p. 7 | News of The Week
Issue Date: October 31, 2011

Earnings Are Up Despite Slowdown

Third quarter: Higher chemical prices make up for falling sales volumes in developed economies
Department: Business
Keywords: sales, volumes, photovoltaics, electronics, performance chemicals, earnings, developing economies, economy, recovery

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.

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