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People & Business :: Earnings/Finance
German chemical industry feels tail wind—first-half output up 3%
2:35 PM MDT | July 10, 2014 | Michael Ravenscroft
The chemical industry in Germany is starting to feel the wind in its sails, chemical trade association VCI (Frankfurt) said at a press conference today. Domestic production of chemicals and pharmaceuticals rose by 3%, with sales revenue up by 2% in the first half of 2014, compared with the year-ago period, VCI says. Domestic sales to industrial customers rose to €40 billion ($54.4 billion), or 3.5%, according to VCI. Foreign demand for specialty chemicals and pharmaceuticals also increased. Exports increased to €58 billion, or 1%, year-on-year (YOY)...
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