Volume 89 Issue 9 | pp. 32-34
Issue Date: February 28, 2011

Chemical Earnings Gain Steam

As the economy heats up, demand for chemicals spreads to all regions and sectors
Department: Business | Collection: Economy
Keywords: chemical earnings, recovery, consumer spending, recession, inflation, raw material prices

Helped by the return of consumer spending, the chemical industry was at the leading edge of the strengthening economic recovery in the fourth quarter. Company earnings reflected broad-based demand for chemicals across all regions and sectors. For 21 companies tracked by C&EN, sales increased 13.1% and earnings soared 40.0% compared with the year-ago quarter.

As the depths of the recession fade into memory, it becomes more difficult for companies to post huge gains compared with . . .

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