Chemical Sector Takes Hit After Brexit Vote

Aug. 1, 2016
Confidence in business conditions drops sharply after Britain’s electorate votes to leave the European Union.

A report from ICIS indicates that confidence in the chemical sector has dropped sharply since Britain’s vote to leave the European Union. Released on July 26, the Europe ICIS Chemical Market Confidence Index (CMCI) indicates a dramatic decline over last month and compared with 12 months ago. This reportedly follows warnings from the German chemical trade group VCI and the IMF on the vote’s impact on European GDP growth.

The report also reveals a similar outlook for other market sectors. Automotive, retail and building industry trade groups all report a weakened outlook for employment, investment and growth.

Read the entire article here.

Sponsored Recommendations

Connect with an Expert!

Our measurement instrumentation experts are available for real-time conversations.

Maximize Green Hydrogen Production with Advanced Instrumentation

Discover the secrets to achieving maximum production output, ensuring safety, and optimizing profitability through advanced PEM electrolysis.

5 Ways to Improve Green Hydrogen Production Using Measurement Technologies

Watch our video to learn how measurement solutions can help solve green hydrogen production challenges today!

How to Solve Green Hydrogen Challenges with Measurement Technologies

Learn How Emerson's Measurement Technologies Tackle Renewable Hydrogen Challenges with Michael Machuca.