European chemical production is expected to drop 1% this year, according to the European Chemical Industry Council, while U.S. chemical production is up 0.7% this year through May, the American Chemistry Council's Chemical Activity Barometer shows. The performance of the European chemical sector "tracks the weak level of activity in the broader European economy," said Cefic President and BASF Chairman Kurt Bock. "European policymakers need to address the energy and feedstock issues if we are to preserve Europe's industrial core," Bock added.

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