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Chemical Week Magazine :: Newsbriefs
Brazilâ€™s chemical output drops 7% in first five months
10:07 AM MDT | July 7, 2014
Brazilâ€™s chemical production declined 7.1% year-on-year (YOY) over Januaryâ€“May despite improved monthly production volumes and domestic sales in the final month, according to preliminary figures released by Abiquim (SÃ£o Paulo), the countryâ€™s chemical industry association. The drop is partly due to a poor performance between February and April. A 9.5% production increase in May effectively offset an 8.5% decrease in production in April. Average capacity utilization in Brazil was 78% in May, 6 percentage points below the same month last year, Abiquim says...
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