ACC Expects Industry Production to Stall Amid Slow U.S. Economy

The U.S. chemical industry started off weak this year, and chemical output, excluding the pharmaceutical sector, is expected to slip to -0.6% this year before rising to 1.2% in 2009, according to ACC’s recent Mid-Year 2008 Situation and Outlook. Most basic and specialty chemical sectors, particularly those tied to the housing, light vehicle, furniture, and appliance industries, will face challenges, ACC says. A slowing U.S. economy, with declining housing activity, has squeezed consumer spending, and increasing energy and food prices is characterizing the...

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