July 2000

Trends and Resources

HP Impact: HPImpact: Economic outlook for Europe's chemicals

The European Chemical Industry Council (CEFIC) estimates that overall output in the European chemical industry will grow from 1999's 3.5% to 4.5% this year. Germany and The Netherlands are likely to e..

Weirauch, Wendy, Hydrocarbon Processing Staff

The European Chemical Industry Council (CEFIC) estimates that overall output in the European chemical industry will grow from 1999's 3.5% to 4.5% this year. Germany and The Netherlands are likely to experience higher growth than the other European countries. Next year, overall output in the industry is forecast to grow by just 3.5%. Accelerating output growth in the industry is driven by the positive prospects for world trade and economic activity and the dynamic recovery of most Asian economies. Within manufacturing, the EU chemical industry is still the leader in terms of extra-EU trade surplus. As an illustration, the extra-EU chemical trade surplus in 1999 (latest data available) is

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