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Regions and Countries

11.03.2024 RUSSIA  GDP grows 3.6% in 2023 on government spending in war-related sectors / Growth in 2024 seen up 2.5% for same reasons – Allianz Trade report

08.03.2024 EUROPEAN CHEMICAL INDUSTRY  Industry ends 2023 on “a weak note” / Production, exports, imports down compared with 2022 / Uptick in investor confidence

06.03.2024 INDIA  Further massive expansion with oil, gas, petrochemicals / Change of strategy now to smaller decentralised projects / New plastics powerhouse behind China and US gains in stature

05.03.2024 CHINA  Mixed impact of disruptions due to Red Sea conflict on plastics imports / Polyethylene most affected

01.03.2024 PLASTICS PROCESSING GERMANY  Technical parts makers take stock of mixed 2023 / Sales slightly higher / Profits down, outlook gloomy

29.02.2024 GERMAN CHEMICALS INDUSTRY  Business confidence stuck at low level – ifo / Thin backlog remains a problem

26.02.2024 RUSSIA  Two years of war: Rising prices for base polymers slow processor investments / Eastern turnaround in exports not up to expectations / Unrealistic plans for major petchem projects

23.02.2024 EUROPEAN INDUSTRIAL DEAL  Antwerp industry summit proposes revised climate goals for EU / Brudermüller: “Urgent need to enhance Europe's competitiveness“ / Complement or counterweight to green agenda?

19.02.2024 PLASTICS PROCESSING GERMANY  Significant decline in turnover, volume last year / Only very muted expectations for 2024 / Many companies unable to pass on costs

14.02.2024 GLOBAL ECONOMY  Soaring inflation pressures growth rates in 2023 / US outpaces Euro zone / Asia leads the way upward / Geopolitical risks and monetary policy cloud outlook

09.02.2024 PLASTICS ECONOMY GERMANY  “It (hopefully) can't get any worse!” / Companies look to future with cautious optimism, but real recovery not expected until 2025 – KI Dialog survey

09.02.2024 BASF  New TPU plant inaugurated at Zhanjiang / First development stage for EUR 10 bn Chinese complex completed

08.02.2024 UK MANUFACTURING  Activity slumps in January / Supplier chain under pressure as Red Sea attacks on shipping continue

02.02.2024 PLASTICS ECONOMY EUROPE  11th PIE Market Survey: Business performance largely depressed / Hopes for recovery soar high / Low demand remains top concern / AI not a threat just yet

02.02.2024 EUROPEAN ECONOMY  Eurozone avoids recession after Q4 growth flatlines / Inflation falls in January

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