Further recovery in the European paint and coating production in June 2020
According to the market research and consulting institute Chem Research, the May trends in paint production in Europe continued in June.
In many European countries the lifting of the strict lockdown continues to have a positive impact in June. Image source: geralt - Pixabay (symbol image).
-In Germany, the index rose to 84 points and again improved only slightly. This represents an increase of + 2.8 % over the previous month and a decrease of – 10 % over the previous year.
Increase of + 5.1 % over the previous month
In comparison, the EU27 economic area production rose significantly to 93.3 points. This represents an increase of + 5.1 % over the previous month yet a decrease of – 8.4 % over the previous year. In the first half of 2020 the production of paints and coatings fell in Germany by + 7.5 % compared to the previous year. (EU27 – 9.7 %). Second quarter loss in Germany year-over-year was – 13.5 %. For the EU27 economic area second quarter loss year-over-year was – 17.1 %.
The index of German paint and coating production shows a modest improvement. The demand for industrial coatings rose slightly in June (automotive industry resuming production). Growth in the decorative paint DIY segment slowed down compared to May, yet it remains in the double-digit range.
In many European countries the lifting of the strict lockdown continues to have a positive impact in June. France, in particular, is experiencing sustained growth. There, for example, the DIY retail segment is reporting a sales surge of + 30 %.
Image source: Pixabay.
