01 March 2012 11:59 [Source: ICIS news]
The revision came after VCI reported that Germany's 2011 fourth-quarter chemical production had fallen 2.0% from the third quarter and was down 4.3% year on year from the 2010 fourth quarter.
However, the trade group said that the longer-term prospects of
Production growth should resume in 2013, rising by about 2.0-3.0% from 2012, it said. Through 2020, VCI expects Germany's annual chemical production growth to average 2.0-2.5%.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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