Ceresana: Chemicals Industry Continues to be Optimistic
Despite current economic slow-down, the majority of companies declare themselves willing to employ more people and increase investment. Even though the Ceresana Industry Monitor (CIM) is exhibiting worsened values for expectations, it continues at positive levels of 8.3 points. On the whole, companies stated to be optimistic.
About 30% of interviewed enterprises in the chemicals and plastics industry are rating their current business situation as good. Thus, less panel members are optimistic about the present situation as in the two previous surveys this year. Even though numbers of those expecting improvement fell compared to earlier surveys, still more than one third is expecting their business situation to improve during the next 6 to 12 months. Only about 16% are forecasting a worsening; more than half is not expecting significant changes to their situation.
The vast majority of panel members are expecting constant or rising investment activities; only 16% are anticipating a decline. Apart from Asian-Pacific interviewees, all panel members expressed intentions to maintain overall levels of employment. A reduction of workforce numbers is mainly expected in Eastern European enterprises and Western European companies, about 26.7% and 15.8% respectively expressed corresponding plans.
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