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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
Auto sales fall around the world

August was a bad month for US auto sales. GM said sales were down 20%, Toyota were down 9%, Ford down 26% and Chrysler fell 35%. They even lost 4th place in US ranking, as Honda's sales fell 'only' 7%. This set the blog wondering about relative performance, and the chart shows the result...

Posted to ICIS Blogs (Weblog) by Anonymous on 09-14-2008
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

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