Akzo results show depth of the downturn

The blog’s chemical career began with selling raw materials to the paint industry during the recession of the early 1980’s.
Since then, it has always regarded the decorative paint sector as an excellent real-time indicator of underlying economic conditions.
Today’s results from Akzo, one of the global leaders, confirms the sector’s reputation. Akzo said decorative paint volume was down 16% during Q1. EBITDA was down 41% in constant currencies.