Chemicals Output Declines In Germany

Engel: Debt crisis is stifling recovery. Production of chemicals declined 4% in Germany in the first quarter of 2012 compared with the corresponding quarter of 2011, industry assocation VCI (Frankfurt) says. But chemicals output increased 1.5% in the first quarter of 2012 compared with the previous quarter. The sequential improvement represents a “dynamic start” to the year and reflects mainly orders from domestic customers, VCI says. “Companies’ order books are getting fuller. Business indicators give reason for confidence. But we should...

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