IHS Chemical Week

Chemical Week Magazine :: Viewpoint

Offsetting U.S. Weakness

12:22 PM MDT | October 22, 2007 | Robert Westervelt Robw@Chemweek.Com

Third-quarter financial results due this week promise to show how well chemical makers are coping with the slowdown in U.S. manufacturing and with surging energy and feedstock costs. Census Bureau data shows that U.S. exports, aided by a weakening dollar, are picking up the slack in U.S. demand. Domestic exports of chemicals gained 6.9% in August, to $13.5 billion, and chemical imports fell 6.3%, to $12.7 billion. The chemical trade balance swung from a deficit of $820 million in July, to a surplus of $1.13 billion in August. Improvements were across the board...

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