06 August 2010 16:43 [Source: ICIS news]
The decline in June's production came after a revised 2.9% increase in May from April.
On a two-month sequential comparison – May/June versus March/April – production rose 3.3%, and compared with May/June 2009 production was up 11.9% year on year, the ministry said.
June’s increase in industrial orders came after a revised 0.1% decline in May from April.On a two-month sequential comparison – May/June versus March/April – orders rose 3.2%, and on a sequential quarter-to-quarter comparison, orders rose 7.7% in the 2010 second quarter from the first quarter.
Compared with May/June 2009, orders were up 24.9% year on year, the ministry said.
Despite June’s sequential decline in production, industrial activity in
In a separate statement on Friday,
The majority of Germans expected the economy to further improve in coming months, an optimism that showed broad positive effects throughout the economy, the government said, citing recent survey results.
However, full-year chemical production growth was expected to average only 8.5% as the pace of growth was expected to slow in the second half of 2010, partly due to lower growth in the EU, which is the largest export market for
In 2009, chemical production fell 10% from 2008.
A leading research institute, the Kiel Institute for the World Economy (IfW), is forecasting Germany's 2010 GDP growth at 2.1%. However, the institute has said it expected to soon increase this projection.
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