EU monthly chemicals production nudges higher
A 1.5% production expansion in November was due mainly to the strong output growth in petrochemicals, whose output rose by 6.6%. Specialty chemicals output continued to increase, up by 2.0% in November 2012 on a year-on-year basis. Consumer chemicals dropped, however, by 2.1%.
Monthly European Union (EU) chemicals production nudged
higher in November, led largely by strong output growth in petrochemicals, industry trade
group Cefic said on Thursday.
The monthly data for November 2012 showed a 1.5% increase
compared with the same month in 2011.
However, EU chemicals production was still down 1.8% in the
first 11 months of 2012 compared with the same period of 2011.
Levels are off 6.2% from the 2007 peak.
EU chemicals prices climbed by 2.7% in November on a
year-on-year basis, led by an overall price hike in petrochemicals.
Trade data available through October 2012 show the EU chemicals
net trade surplus during the first ten months of 2012 growing
well beyond the level seen during the same period the year
prior, up by 9.2 billion to 41.7 billion.
Broader chemicals industry confidence indicators showed a
slight weakening in December, mainly due to less optimistic
The full report can be read at the Cefic