|
MOSCOW (MRC) -- Both order books and
current sales of UK chemicals suppliers have fallen by 60% in the three months
to end of June compared to the quarter before, according to the latest supply
chain trends survey by the Chemical Business Association (CBA), said Plasticsnewseurope.
The
survey, conducted from 4-12 July and participated in by 51 of CBA’s members,
showed a 40% decline in sales margins, the UK association reported 15 July. The
quarterly survey asks companies to provide information on order books, sales,
sales margins, and employment, on a ‘better–worse–same’ basis.
To
measure short-term trends, the analysis ignores responses answering ‘same’ and
focuses on the positive or negative balance provided by the difference between
the ‘better-worse’ responses.
The latest poll indicated that the number
of companies expecting to create more jobs in the next three months had fallen
to its lowest level since these surveys began six years ago.
The survey
found that a stock building trend, observed in the first three months of the
year ahead of the anticipated Brexit, has now stopped.
This, according to
CBA chief executive, Peter Newport, is due to “a combination of cash flow
constraints and the limited availability of storage capacity."
"The
three-month outlook for order books, sales, and margins is uniformly negative as
Brexit uncertainty continues,” he added. |
