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EU chemicals output was stagnant in 2013, Cefic says

6:15 AM MST | March 3, 2014 | Ian Young

Output of chemicals was stagnant in the European Union in 2013, Cefic says. Zero growth in 2013 meant that the sector remained 6.4% below the pre-financial crisis, full-year peak level achieved in 2007, Cefic adds. The 2013 figure is slightly better than the last Cefic forecast, issued last September, which predicted a contraction for the year. EU chemical producer prices were on average 1% lower in 2013 than in 2012. Cefic says that monthly chemicals output increased 2% in the European Union in December 2013 compared with the corresponding month of 2012, the...

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