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VCI 'cautiously optimistic' for German chemical industry in 2014, expects production rise of 2%

4:36 AM MST | December 13, 2013 | Michael Ravenscroft

German chemical trade association VCI (Frankfurt) says it is "cautiously optimistic" for the start of 2014, and expects an increase in chemical production of 2% in the coming year. Chemical industry sales should rise by 1.5%, to €191 billion ($263 billion), with prices falling slightly by 0.5%, according to VCI. The association thinks that the global economy has passed the trough. VCI anticipates an increase in domestic demand in 2014. Most VCI member companies believe that business will pick up in the coming months, but that there are "still...

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