Germany companies optimistic about 2013, despite euro crisis

12 February 2013 18:18  [Source: ICIS news]

LONDON (ICIS)--German companies are relatively optimistic about their prospects for 2013, especially with regard to exports, according to a survey released on Tuesday by the country’s chamber of commerce.

Deutsche Industrie- und Handelkammertag (DIHK) general manager Martin Wansleben said that DIHK’s latest survey of 28,000 firms showed that “2013 has the stuff to become a good year.”

“Companies' expectations are brightening, in particular with regard to exports, while their investment and employment plans are stabilising,” Wansleben said.

Wansleben added that the eurozone debt crisis was no longer weighing as heavily on firms' business expectations as last year.

On the basis of the survey, DIHK projects Germany’s 2013 GDP growth rate at 0.7% - higher than the 0.4% forecast by the country’s government and its central bank.

In Germany’s chemical industry, production is expected to rise 1.5% in 2013 from 2012, according to a projection by the country’s chemical industry trade group VCI.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog


By: Stefan Baumgarten
+1 713 525 2653



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