07 March 2013 17:26 [Source: ICIS news]
January’s decline in industrial orders was led by a 3.0% decline in orders from abroad while domestic orders fell by 0.6%, the country’s federal statistics agency said.
The decline indicated that
January’s decline came after a 1.1% increase in orders in December from November.
On a two-month sequential comparison – December-January versus October-November – industrial orders were down 1.3%. Compared with December-January in the year-ago period, orders were down 2.2% year on year.
For the 2012 fourth-quarter the index was 99.3, down from 100.4 in the third quarter, but up from 96.8 in the 2011 fourth quarter. The index’s base year is 2010.
In related news, Germany’s chemical producers group VCI said earlier on Thursday that it was maintaining its 2013 forecast for the country’s chemical production growth at 1.5%.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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