4% sales growth estimated for German chemical sector in 2011

The German chemical industry will return to normal growth rates after an “amazing” 2010, as per VCI. Germany's chemical industry will increase sales by 18% in 2010 and growth will slow to 4% in 2011 on easing effects of restocking. Production will rise 11% in 2010 and 2.5% in 2011, with producer prices rising 3% this year and 1.5% in 2011. Total industry sales in 2010 will be 170.6 billion euros (US$229 billion), with investments rising 5% to 6.4 billion euros, VCI said. In 2009, the industry suffered the worst sales decline since 1975. Bouncing back from a global slump in 2009, the chemical industry saw sales leap 17.6% last year, returning to pre-crisis levels, VCI figures showed. VCI includes 1,600 companies and represents around 90% of the German chemical sector.
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