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Cefic Revises Downward 2011 EU Chemicals Forecast

7:47 AM MDT | September 30, 2011 | Natasha Alperowicz in Madrid

Growth in EU chemicals production in 2011 is predicted to be 2.5% for the 27 EU member states, excluding pharmaceuticals, Cefic said today. The updated forecast comes from Cefic's Economic Task Force, which put together a summary forecast of chemicals sector economists. Cefic said in November 2010 that chemicals output growth would be 2.5% in 2011 but in June 2011it revised the forecast growth to 4.5%. The forecast for 2012 remains unchanged at 2.5%.   EU chemicals production in the second quarter of this year grew at a more moderate pace after an impressive...

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