Germany’s productive output rises 0.3% in December from November
07 February 2013 15:25 [Source: ICIS news]
LONDON (ICIS)--Production from industry, construction, energy and mining in ?xml:namespace>Germany rose by 0.3% in December from November, with output in the country’s chemicals and pharmaceuticals sector also rising, according data released on Thursday.
Germany’s economics ministry said that December’s improvement in overall productive output was driven by a 1.2% increase in industrial production while construction output fell by 8.9%.
The increase came after a downward-revised 0.2% decline in November from October.
On a two-month sequential comparison – November/December versus September/October – productive output was down 1.0%. Compared with November/December 2011, output was down 2.2% year on year.
Meanwhile, Germany’s central bank, the Bundesbank, said that its index for production in Germany’s chemicals and pharmaceuticals sector rose to 109.7 in December, from 106.5 in November. The index’s base year is 2005.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy BlogBy: Stefan Baumgarten+1 713 525 2653
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