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Regions :: Western Europe :: Germany

Third-quarter Output Slows in Germany; VCI Maintains Full-Year Forecast

5:45 AM MDT | November 3, 2011 | Ian Young

Output of chemicals decreased 2% in Germany during the third quarter of 2011 compared with the previous quarter, industry association VCI (Frankfurt) says. However, third-quarter production levels were 2.5% higher than in the corresponding period of 2010. The quarter-on-quarter decline reflects destocking by customers as a result of the global economic slowdown and concerns over the euro-zone debt crisis, VCI says. VCI expects a stronger fourth quarter for Germany's chemical industry as inventory depletion comes to an end. The association maintained its forecast...

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