German, Dutch Chemical Sales to Fall

German chemical industry sales growth is expected to slow to 4.5% in 2008, from 7.5% this year, according to industry association VCI (Frankfurt). Domestic and foreign revenues should grow at the same pace next year, the association says. VCI raised its 2007 growth estimate to 7.5% in July, and says it maintains that forecast. Separately, VNCI (the Haag), the Dutch chemical industry association, says it has lowered its sales growth outlook for 2007 to 6.5%, from 8%, because of maintenance work in the second...

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