June chemical production falls in Europe, grows in other regions

27 July 2012 21:32  [Source: ICIS news]

HOUSTON (ICIS)--Chemical production in Europe fell in June from the same month last year, while gains were seen in all other regions, led by the Asia-Pacific region, the American Chemistry Council (ACC) said on Friday.

The ACC’s overall Global Chemical Production Regional Index (CPRI) for June was up by 3.2% year on year on a three-month moving average basis (3MMA), the council said.  

While chemical production volumes for June showed positive movement in most regions year on year, reductions were reported in the regions of western Europe and central and eastern Europe.

Production volumes for western Europe slipped by 1.7% on a three-month moving average basis, while volumes for central and eastern Europe fell by 4.1%.

Strong year-on-year gains occurred in Denmark, France, the Netherlands, Spain and Switzerland, the ACC said, but gains were more modest in Austria and Ireland.

Reductions were reported for Belgium, Germany, Greece, Italy, Luxembourg, Norway, Portugal, Sweden and the UK.

The Asia-Pacific region had an 8.5% gain, led by China, which reported a year-on-year increase of 10.1%.

“After declining September through November, production in China has regained traction,” the ACC said.

North America saw a production gain of 0.5%, led by Canada at 3.8%.

Production in the US rose in June by 0.3%, the ACC said.

US production of basic chemicals “rose and was led by higher output of inorganic chemicals, resins and organic chemicals and partially offset [by] declines in man-made fibres and synthetic rubber,” the ACC said.

 Production Volumes

(% Change Y/Y - 3MMA)

Mar

12

Apr

12

May

12

June

12

 

 World Total – Chemistry

2.3

2.5

3.0

3.2

North America

0.5

0.1

0.0

0.5

Western Europe

-2.5

-2.5

-2.2

-1.7

Central & Eastern Europe

-1.7

-2.9

-4.2

-4.1

Africa & Middle East

1.9

1.1

1.7

3.2

Asia-Pacific

6.7

7.8

8.7

8.5


By: Brian Ford
+1 713 525 2653



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