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Citigroup 花旗：欧洲化工行业深度研究
(５６页) 01.19
Citigroup Global Markets | Equity Research
The Quidnunc Fundamental Focus Fundamentals intact for 07
Macro Environment — Citigroup’s 2007E global GDP forecasts have decreased during December, with growth now at 3.4%. The 2007E US growth figures also decreases by 10 basis points and is now at 2.8%, whereas Eurozone growth increased 20bp in and is now at 2%, largely due to Germany (+30bp)
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Contents
Recommendations and Events 3
Global Round-Up 4
Leaders and Laggards 6
Macroeconomics 8
Price and Volume Trends 13
End-Market Outlook 15
Construction Industry 17
Electronics 19
Automotive 21
Chemical Sector Performance 23
Makhteshim Agan 26
Umicore 27
Akzo Nobel 29
Recent Publications 48
Analyst Certification Appendix A-1 53
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