Germany Q1 chem production down 0.7% year on year, prices up 1.1%

15 May 2013 14:26  [Source: ICIS news]

LONDON (ICIS)--Germany’s chemical production fell 0.7% year on year in the first quarter of 2013 while prices rose 1.1%, the country’s chemical producers’ trade group VCI said in an update on Wednesday.

Compared with the 2012 fourth quarter, chemical industry production was down 0.5% and prices were down 0.3%.

First-quarter industry sales were €45.8bn ($59.5bn), up 0.5% year on year.

Plant capacity utilisation in the industry averaged 84% during the three months ended 31 March, up from 82% in the 2012 fourth quarter.

VCI maintained its previous forecast of a 1.5% increase in chemical production for 2013. This compares with an upward-revised 2.5% year-on-year decline in full-year 2012 chemical production.

($1 = €0.77)

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By: Stefan Baumgarten
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