The EU debt crisis will weigh down European chemicals sector production in 2012 more than initially forecast, industry group. The European chemical trade group's mid-year summary forecast of chemicals sector economists predicts a standstill in EU chemicals output in 2012, after a relatively weak 1.3 per cent increase in 2011. Cefic Director General Hubert Mandery said: "Domestic demand for chemicals will decline slightly as compared with 2011 as austerity measures in EU member states dampen business orders and inventory build-up remains fiat, due to continued weak EU business sentiment.
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