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Germany pegged for slight 2013 improvement in chemical production, sales

12.12.2012  | 

Domestic sales are likely to be stable, but exports to other European countries, particularly in southern Europe, are likely to decline further in 2013. But there is no reason to be overly pessimistic, and there is no sign of a recession in Germany, according to VCI president Karl-Ludwig Kley.

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By HEIDE ASLAN-OBERHAUSER

German chemical industry association Verband der Chemischen Industrie eV said Wednesday it expects production in the sector to rise 1.5% next year and sales to grow 2%.

Domestic sales are likely to be stable, but exports to other European countries, particularly in southern Europe, are likely to decline further in 2013, it said.

"Hopes for a tangible recovery are still in the future," VCI president Karl-Ludwig Kley said at a press briefing.

But there is no reason to be overly pessimistic, and there is no sign of a recession in Germany, Mr. Kley added.

The association confirmed its 2012 outlook of a production decline of 3% and a 2.5% rise in producer prices. It forecasts a 0.5% increase in producer prices for 2013.


Dow Jones Newswires



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