Cefic cautious despite positive EU chemicals data

Belgium: While business conditions for European chemicals makers have improved over much of this year, prospects for the coming months and total order-book levels are “less positive”, according to Cefic.

Citing EU Commission Business Survey data showing a 3.3% year-on-year rise in output during first seven months, Cefic said trading remained “satisfactory” with business confidence still above the long-term average.

Output by most chemicals sub-sectors, including polymers, increased significantly, the Brussels-based industry association also noted.

Chemicals prices lifted 5.4% during first seven months of the year. However, while the petrochemicals industry…

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