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  • Global chemical growth slows

    The latest American Chemistry Council report on global production growth makes sombre reading for anyone outside the Middle East: • Global growth (dark green) is now only 1.4%, versus 4.1% in January • N American growth (dark blue) declined by 2.4% in August • European growth (light green) was down 1...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-28-2008

  • US housing starts 'at 17 year low'

    US housing starts, so important to the chemical industry, are now firmly anchored in recession territory. The chart, from the ACC's weekly report, shows they are at levels last seen in 1990-1. And with the current disruption in financial markets, it is hard to imagine that a recovery will start in...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-22-2008

  • The end of 'stretch targets'

    There is little doubt that chemical growth is weakening. The above chart, taken from Kevin Swift's excellent weekly report for the American Chemistry Council, indicates that a serious downturn is underway. Since January, world production growth (the solid green line) has halved - from 4.1%, to 1...
    Posted to ICIS Blogs (Weblog) by Anonymous on 07-27-2008

  • $216.9bn and still rising

    After a while, large numbers lose their power to shock. So Bloomberg and the FT have performed a service this week by reminding us of the scale of losses in the financial sector. They calculate that so far, US and European banks have had to raise $216.9bn of new capital . And, of course, whilst this...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-04-2008

  • US housing slows again

    Financial markets have been buoyant in recent weeks, as I noted recently . But this is at odds with actual newsflow. The chart above, from Kevin Swift’s excellent weekly report for the American Chemistry Council, highlights once again the dire state of US housing. March should be a buoyant month for...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-27-2008
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