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On July 6, the German Chemical Industry Association (VCI) said in its semi-annual report on the chemical industry that the output of the German chemical and pharmaceutical industry increased slightly by 0.
Sales surged 22% year over year, but
VCI said that in the first half of the year, the German chemical and pharmaceutical industry faced many challenges: long delivery times, high shipping costs, and shortages of input and material supplies hindered business activities
Thanks to a 21.
VCI believes that the increase in sales masks the real economic conditions of Germany's third-largest industry: sales in the traditional chemical business fell, backlogs fell sharply, and plant capacity utilization fell to 80%
The survey found that it is increasingly difficult for chemical companies to pass on higher costs to customers by raising prices, and more than 50% of companies can only pass on less than half of the costs
Data show that almost all sectors of the German chemical industry declined in the first half of this year
VCI believes that the profit pressure of the chemical and pharmaceutical industry in the second half of this year is also very high
VCI expects the German chemical and pharmaceutical industry production to decline by 1.
The German chemical industry is preparing for various scenarios in which Russian gas supplies are reduced