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VCI ‘cautiously optimistic’ for German chemical industry in 2014, expects production rise of 2%

3:49 PM MST | December 16, 2013 | —Michael Ravenscroft

German chemical trade association VCI (Frankfurt) says it is “cautiously optimistic” about 2014 prospects, forecasting a 2% chemical production increase in the coming year. Chemical industry sales should rise by 1.5%, to €191 billion ($263 billion), with prices falling slightly by 0.5%, according to VCI. Most VCI member companies believe that business will pick up in the coming months but that there are “still too many differences in the signals from the various export markets for a lasting upswing,” says VCI. “There will be an...

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