Cefic ‘optimistic’ over EU chemical industry growth in 2019

Brussels – The European chemicals manufacturing sector is set for a mini-rebound next year, according to industry association Cefic.

In an 11 Dec statement, Cefic said it was “cautiously optimistic” about prospects for 2019, with an anticipated growth of 0.5% year-on-year.

This would mark a recovery from 2018, when production declined by 0.5% compared to 2017, according to Cefic.

The decline was linked to “higher oil prices, lower demand from the automotive sector, and unusually low water levels in European rivers, which caused transportation delays.”

For next year, Cefic said…

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