Volume 91 Issue 27 | p. 7 | News of The Week
Issue Date: July 8, 2013

Industry Outlook For Europe Dims

Economy: Output is predicted to fall this year, while U.S. forecast is for slow growth
Department: Business
Keywords: chemical production, economy, construction, housing, autos

Europe’s chemical output will contract by 1.0% this year because of a weaker than expected economy, the Continent’s main chemical trade group predicts. In contrast, the key U.S. chemical association says chemical output in the U.S. will continue to grow slowly, propelled by consumer spending.

In December, economists at the European Chemical Industry Council had forecast a modest 0.5% rise in production for the year, following a decline of 1.5% in 2012. However, . . .

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