01 February 2012 15:36 [Source: ICIS news]
London-based Markit said its monthly purchasing managers’ index for
“January saw a reversal of the recent downturn in German manufacturing production, and the rate of output expansion was the highest since the middle of last year,” said Tim Moore, senior economist at Markit.
“This in turn supported a solid rise in manufacturing employment numbers, suggesting renewed confidence about the longer-term business outlook,”
However, on the downside,
In the chemical industry, producers expect a 1.0% year-on-year increase in chemical production in 2012 - down from the 4.0% year-on-year growth they achieved in 2011.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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