Germany December productive output falls 0.6% from November
07 February 2014 16:52 [Source: ICIS news]
LONDON (ICIS)--Production from industry, construction, mining and energy in Germany fell 0.6% in December from November, but output in the country’s chemicals and pharmaceuticals industry rose, according to data released on Friday.
Industrial production was down 0.5% in December from November, Germany’s economics ministry said.
The decline in overall productive output came after an upward-revised 2.4% increase in November from October.
On a two-month sequential comparison – November-December versus September-October – productive output was up 1.5%, with industrial production up 2.1%. Compared with November-December 2012, productive output was up 3.3% year over year, with industrial production up 3.8%.
Meanwhile, Germany’s central bank, the Bundesbank, said that its monthly index for output in Germany’s chemicals and pharmaceuticals industry rose to 106.7 in December, from 104.1 in November.
In the 2013 fourth quarter, the index was 104.6, compared with 100.6 in the third quarter and 100.7 in the 2012 fourth quarter. The index’s base year is 2010.
In related news earlier this week, officials reported declines in Germany’s overall industrial orders and in chemical sector orders in December from November.
Germany’s chemical producers trade group VCI has forecast a 2.0% year-over-year increase in the country’s chemical production in 2014.
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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