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EU chemical output down 1.6% in January

9:56 AM MDT | April 8, 2013 | Francinia Protti-Alvarez

EU chemical output decreased by 1.6% during January compared with the same period in 2012, according to the latest Chemicals Trends Report published by Cefic today. Consumer chemical output rose by almost 1% during January, but the overall EU chemical production index was "dragged down by petrochemicals, which fell by 3.6% year-on-year," Cefic says. Polymer production and specialty chemical output were also down in January by 1.3% and 0.6%, respectively, compared with January last year. EU chemical prices nevertheless increased by 2.2% during January, driven by higher feedstock costs.

Meanwhile, the EU chemical industry confidence indicator (CCI), generated by Cefic, declined in March compared with the previous month. Based on data from the European Commission business and consumer survey report, published in late March, CCI underlying data point to a worsening assessment of order-book levels. Data also point to a lower assessment of production expectations for the months ahead.

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