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. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. 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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