Output Rises in Germany

Production of chemicals soared 10% in Germany in the third quarter of 2010 compared with the same period of 2009, industry association VCI (Frankfurt) says. Rising output volumes were driven largely by exports, VCI says. However, output increased by just 0.5% in the third quarter compared with the previous quarter. Slower sequential production growth reflects stagnating demand in the domestic market, VCI says. Prices also stagnated, increasing 0.6% compared with the second quarter but 4% on a year-on-year basis. VCI expects growth to remain slow during the rest...

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