21 September 2012 17:18 [Source: ICIS news]
WASHINGTON (ICIS)--Worldwide chemicals production rose by 0.1% in August from July, a key survey said on Friday, but that narrow global gain was driven by strong growth in Asia that was almost entirely offset by declines in the ?xml:namespace>
In its monthly global chemical production regional index (CPRI), the American Chemistry Council (ACC) said that while the 0.1% gain in August marked the ninth month of worldwide output gains, the pace of expansion has slowed.
In a year-on-year comparison of a three-month moving average of regional production, the council said that North American chemicals output was down by 0.5%, with a smaller 0.3% decline in
Western Europe showed a 2.1% decline from the same three-month average period of a year ago, including a 17.5% drop in
Central and eastern Europe, which includes
Those declines were offset by the strong 7.8% production gain reported for the Asia-Pacific region, with a 9.7% boost in
“Recent data for the
The survey results also showed that even Asia-Pacific, where growth was 7.8% better than a year ago, that expansion has slowed, down from an 8.8% gain recorded in June and July’s 8.4% pace.
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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