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UK chemicals survey finds major falls in sales, order books

July 16/2019

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 CBAs 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 betterworsesame 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.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, UK.
Category:General News
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