21 January 2013 15:52 [Source: ICIS news]
LONDON (ICIS)--Poland suffered a 10.6% year-on-year slump in industrial production in December 2012 - including an 8.1% drop in chemical output - that was much worse than analysts expected, Raiffeisen Centrobank (RCB) said on Monday.
“[The figures] were even more severe than our already quite pessimistic evaluations,” the bank said in a note to investors.
Erste Group Bank also said the output statistics were much worse than the expectations of analysts, noting that they included a 22.2% decrease in the manufacture of motor vehicles, trailers and semi-trailers and a 22.6% decline in furniture production.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections