08 May 2012 13:47 [Source: ICIS news]
However, March’s increase in building and construction – up by 30.7% – was largely due to catch-up effects after harsh weather in February, the ministry said.
March’s increase in productive output came after a revised 0.3% decline in February from January.
On a two-month sequential comparison – February-March versus December-January –
Also on Tuesday, Germany’s central bank, the Bundesbank, reported that, based on preliminary data, the index for Germany’s chemicals and pharmaceuticals production rose to 108.8 points in March, from 105.5 points in February.
For the first quarter of 2012, the index stood at 106.6 points, compared with revised 105.9 points in the 2011 fourth quarter and 111.8 points in the 2011 first quarter.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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