Chemicals output in UK declines in Q2-12

摘要

In H1-12, the UK's chemicals and chemical products index saw a steady decline as the country headed into recession. BMI estimates that chemicals output declined by 5.5% year-on-year (y-o-y) in Q2-12 and the situation has deteriorated markedly since. The trends were in line with expectations of a double-dip recession in the chemical industry and with broader economic trends. The report does not preclude the possibility of a return to 2010 rates of output or worse, with the recovery seen in 2011 wiped out.