29 February 2012 15:53 [Source: ICIS news]
DIW said its assessments of
Even though industrial production is expected to pick up, it will likely reach only a level of just above the 2011 fourth quarter, the institute said.
It expects Europe's largest economy to register more perceptible growth rates, beginning in spring, it said.
DIW added that companies were relatively optimistic in their outlook for Germany. One positive factor was relatively strong German employment, which should translate into increased consumer spending, it said.
In a related report on Wednesday, the country’s federal employment agency said that jobs markets continued to develop positively in February, despite the current economic weakness.
The number of unemployed rose by 26,000 to 3.11m in February from January, for an unemployment rate of 7.4%, up 0.1 percentage points, the agency said.
Compared with February 2011, unemployment was down by 203,000.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|