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Cefic Confirms Slowdown in European Chemicals Output

4:50 AM MST | December 7, 2010 | Ian Young

Cefic has confirmed its earlier forecast that growth in output of chemicals will slow in Europe during 2011 compared with 2010. Cefic raised slightly its 2011 forecast for year-on-year growth in production of chemicals, excluding pharmaceuticals, in the European Union (EU) to 2.5%, from 2%. Cefic also nudged its projection for full-year 2010 EU chemicals output growth from 9.5%, to 10% compared with 2009. Cefic made its last forecasts in June 2010. "We maintain our view from earlier this year that the sharp chemicals rebound in 2009 and early 2010 was driven...

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