Chemicals and Cleaning Products Production - PMMI

MarketSegmentsEurope Industrial ProductionAnnual Trend: 99.5 Phase: D Year-over-Year: -1.3%Europe Industrial Production12-Month Moving AverageYear-over-Year Growth Rate12/12 Rate-of-Change11011010105510510500100100-5-5-10-109595-15-1590'06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '1690-20'06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16-20IndustryOutlook2012: -2.3%2013: 0.8%2014: 0.8%2015: 0.8%Annual Europe Industrial Production is at a 17-monthlow, declining at the fastest rate in over two years. The3/12 rate-of-change is falling, providing an indicationthat the 12/12 rate-of-change will decline further in thenear term. Annual Production will mildly improve inlate 2013 through mid-2014, before recession returns inlate 2014. Production begins to rise again in the secondhalf of 2015.Europe Retail Sales are growing slowly, increasing 1.6%during the past year (annual basis). An uncertainEuropean economy will moderate growth in consumermarkets during the rest of the year. Germany, France,and UK Retail Sales are improving and will help retailersmitigate losses in other countries. Spain, Italy, andPortugal Retail Sales are diminishing, and ongoingausterity measures will yield less favorable marketconditions into 2013.ITR Economics 11 1st Quarter - 2013