27 December 2011 17:08 [Source: ICIS news]
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Cologne-based Institute for Economic Research (IW) said 26 of the 46 German industry trade groups it polled expect their member firms to record higher sales or production in 2012, compared with 2011.
Another nine industry trade groups expect 2012 sales or production to remain broadly unchanged from 2011.
“Many [German] industrial sectors are in good shape and expect a positive 2012,” IW director Michael Huther said.
IW therefore currently rules out that
The IW survey also found that 29 of the trade groups expect no change in investments among their member firms next year. As for employment, 31 trade groups expect stable numbers while only eight trade groups expect job losses, IW said.
However, Huther stressed that the continuing discussion about the eurozone debt problems and the fate of the euro could dampen prospects among firms and households.
But VCI also warned that the debt crises in both Europe and the
“There are increasing signs of a significant cooling of the global economy in 2012,” VCI said.
“Firms base their investment decisions on long-term prospects, and these are positive,” the group said.
As for employment, VCI said
The full IW survey is available, in German, on the institute's website.
($1 = €0.77)
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