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

AddThis Social Bookmark Button

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.

Printer Friendly

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