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10-20-2011

Ceresana Research: CIM Barometer at 12.6 Points

In spite of macro-economically uncertain times and the gloomy mood in many other industrial sectors, the chemical and plastic industries are optimistic about the last quarter 2011. 40% of the participants in the Ceresana Industry Monitor (CIM) asses their business situation in September as good. Only 10% evaluate their business situation as poor.

Almost one quarter of all surveyed companies anticipate their business situation will change for the worse over the next 6 to 12 months. In contrast, more than 43% expect an improvement. Petrochemical and manufacturers of plastics and elastomers have particularly positive expectations.

The CIM Barometer from Ceresana Research, Koblenz, Germany, reflects the current business climate of the surveyed chemical and plastic companies at a glance. The present business situation achieves 14.9 points; expectations register 10.2 points. The resulting business climate is at 12.6 points. We expect the chemical industry – which is still in a very good state – will experience a slight cooling-off.

Business situation, expectations, and the resulting barometer (business climate) are shown on a scale from -50 to +50. Positive figures indicate a good business climate; figures below 0 points suggest a downturn is ahead.

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