16 May 2013 00:01 [Source: ICIS news]
LONDON (ICIS)--The UK’s chemical and pharmaceutical industry has reported a fall in sales over the previous six months, industry body Chemical Industries Association (CIA) said on Thursday.
In its latest survey of member companies, the CIA found 44% of companies in the UK chemical and pharmaceutical sector had seen lower sales volumes, and only 22% an increase.
“Looking ahead, on balance companies saw rising sales – albeit by a smaller margin than in the previous survey three months ago. The proportion expecting volumes to increase has fallen from 46% to 39%,” the trade body added.
The CIA’s chief executive, Steve Elliott, said: “It is clear we continue to operate in difficult times. The one encouraging piece of news is that 70% of companies expect employment numbers to increase or remain the same”.
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