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

12:57 PM MDT | June 26, 2008 | Kate Phillips

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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Comments (1) for ACC Expects Industry Production to Rise Despite Slow U.S. Economy
How likely is it that chemicals companies will be able to pass on the costs of rising petrochemical raw materials downstream to consumers?
Posted by Robbo on Thursday, June 26, 2008 @ 08:05 AM

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