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VCI Says Chemicals Output Will Stagnate in Germany This Year
8:44 AM MST | March 2, 2012 | Ian Young
German chemical industry association VCI (Frankfurt) has downgraded its 2012 forecasts and says that output of chemicals will stagnate in Germany this year with 0% growth expected. VCI had previously forecast 1% growth in chemicals production for 2012. VCI also predicts 1% growth in sales of chemicals by Germany-based operations in 2012, having previously forecast 2% growth. The downgrades reflect weakness in the global economy, particularly in Western Europe toward the end of last year. "The fourth quarter of 2011 brought a downturn for the chemical...
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