Wirtschaftsszenario | ECSA Chemicals

Wirtschaftsszenario

Wirtschaftliche Analyse für den Chemikalien- und Rohstoffmarkt

Wirtschaftsszenario

Wirtschaftliche Analyse für den Chemikalien- und Rohstoffmarkt

DEZEMBER 2020

INFLATION RATE

In 2020-Q3, prices in the selected European countries are relatively stable (slightly declining) compared to both the previous quarter and the same quarter of the previous year: in both cases the percentage change in the Consumer Price Index is lower than 1%. There is a noteworthy price increase in China compared to the same quarter of the previous year (+2.27%) which follows from the strong growth of the national economy that started in 2020-Q2. Also the United States experience price inflation of about 1.1%-1.2% due to the rebound in GDP growth and to the partial recovery of its labour market. In Switzerland, the price change is slightly negative due to low oil prices, weak growth prospects (due to the pandemic crisis) and a strong Swiss franc.

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