ACC and Cefic Raise Output Forecasts, Boosted by Exports

Swift: U.S. manufacturing growth slowing. ACC says in its mid-year outlook that it expects U.S. chemicals output to rise 4.1% this year followed by 3.5% in 2012, despite uncertain U.S. GDP prospects. This is an upward revision from ACC’s forecast at the start of this year, when it predicted 3% growth for 2011 and 3.4% growth for 2012. Production growth, which exceeded expectations at most U.S. chemical makers in the first quarter, slowed in the second quarter. However, “chemical inventories…are balanced, and a large correction is not...

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