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ACC forecasts US chemicals growth of 1.9% in 2013

7:22 AM MST | December 14, 2012

Swift: Euro recession hinders US exports. US chemical output excluding pharmaceuticals is expected to improve modestly in 2013, with a 1.9% advance, up from a 1.5% gain this year, according to ACC’s “Year End 2012 Situation and Outlook.” The softening of the manufacturing recovery has dampened US chemical demand and recession in Europe and weakness elsewhere have hindered export sales, says Kevin Swift, ACC’s chief economist. A stronger gain of 2.3% is expected in 2014. “Growth is expected in plastic resins as export markets...

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