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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

German industry ends 2013 strongly, positive on 2014

6:53 AM MDT | March 21, 2014 | —Michael Ravenscroft

The chemical sector in Germany rounded off a turbulent 2013 with a strong fourth quarter, says industry association VCI (Frankfurt). Production in Germany’s third-largest industry sector increased markedly,by 1.5%, in October—December 2013, VCI says. Industry sales increased 1% in the full year, to €188.7 billion ($259.8 billion), but prices fell again. Domestic demand for chemicals was stable, and exports rose on the back of increasing consumption overseas, according to VCI. Germany’s chemical producers were able to expand their business...

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