France Petrochemicals Report Q2 2012 - New Market Report Now Available
Output in 2011 was supported by household spending and export growth, although these diminished as the year progressed. French chemical industry association UIC has cut its growth forecast for the country's chemical output for 2012 to 1.8% from 2.4%, due to the economic crisis and delays in restocking. BMI forecasts a decline in industrial production growth from an estimated 2.9% in 2011 to 1.7% in 2012, but the petrochemicals sector is highly sensitive to the economic cycle, so the industry...
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