ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
It has taken almost 10 years, but Europe’s chemical industry has finally exceeded its output from before the economic crash of 2008, according to Eurostat, a European Commission agency. European Union chemical production in the fourth quarter of 2017 was 0.3% above that of the first quarter of 2008. Overall, EU chemical production in 2017 increased 3.6% from 2008. EU chemical sales for 2016, the latest year for which data are available, were $630 billion, still down from $737 billion in 2008, according to the European Chemical Industry Council (Cefic), Europe’s leading chemical industry association. The EU industry’s slow recovery from the 2008 recession reflects problems with European policies, including those relating to energy, R&D, and fiscal matters, says Moncef Hadhri, Cefic’s chief economist. Slow growth in postrecession Europe is also a result of mature markets and an aging population, Hadhri says. The U.S. industry recovered from the recession more quickly because the U.S. has a more flexible economy and a more investment-friendly industrial policy, he adds.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on X