Boom/Gloom Index remains cautious

Index Jan10.JPGThe IeC Boom/Gloom Index remains cautious as we enter the New Year.

Meant to track sentiment in financial markets, it shows clearly that talk of ‘green shoots’ (green line) leading to a quick recovery has virtually stopped. Whilst the reading for ‘frugal’ (red line) steadied, as we went into the Christmas period.

The Index itself (blue column) is confirming the caution shown in most chemical company comments in recent weeks. It has failed to recover the levels seen before the end of 2007. The next few weeks may well provide a good indication of whether this caution is justified.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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