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EU chemicals and industrial production fell in September

November 14/2011

(ICIS) -- EU chemicals and industrial production fell in September as the economic slowdown began to bite, data from statistics agency Eurostat showed on Monday. EU chemicals production was down by 1.0% in September compared with August, with a 1.2% decline in the 17-member euro area.
Year on year, chemicals production adjusted for the number of working days in each period was 0.6% lower in the 27-member EU and down by 0.7% in the eurozone.

Industrial production in the EU was down by 1.3% month on month in September, and fell by 2.0% in the eurozone, Eurostat said. Year on year in September, industrial output in both zones was 2.2% higher.

Production of capital goods was 3.1% lower month on month in the EU and 4.2% down in the euro area, Eurostat said. Production of durable consumer goods, intermediate goods, energy and non-durable consumer goods were also lower, its statistics showed.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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