Output of chemicals declined 1.2% in the European Union (EU) in June 2011 compared with June 2010, Cefic says. Selling prices of chemicals were on average 9.6% higher in June than in the previous June. "The pace of EU chemicals industry output decelerated slightly in the second quarter of 2011 as the weak world business climate and turbulence in the euro zone played a significant role," Cefic chief economist Moncef Hadhri says. Chemicals production increased 3.4% in the EU in the first half of 2011 compared with the first half of last year, Cefic says.
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