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German chemical output up 9.2% in last quarter

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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12 september 2019

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March 16 News German chemical production (excluding the pharmaceutical industry) rose 9.
2% in the fourth quarter from the third quarter, mainly due to customer replenishment of inventories, but industry body VCI said the situation in early 2021 was more challenging

Customers looking to replenish empty warehouses by the end of the year have helped drive the pace of the chemical recovery, with production also sharply higher compared to the closing months of 2019

Including the pharmaceutical industry, overall industry productivity levels moderated slightly quarter-on-quarter to 7.
4%, with pricing stable at 0.
4% compared to the July-September 2020 quarter

However, chemical prices were still down nearly 2% year over year in the fourth quarter

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