Output Growth Stalls in Germany But Overall Trend Remains Upward, VCI Says

Output of chemicals slipped 0.6% in Germany in the second quarter of 2011 compared with the previous quarter, industry association VCI (Frankfurt) says. However, chemical production was 5.7% higher in the second quarter than in the corresponding quarter of 2010, VCI adds. VCI considers the dip in output during the second quarter to be a "growth pause" after an "extremely strong" first quarter, partly reflecting statistical effects and fewer working days, and it says the overall trend remains upward despite stalling growth in the global...

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