4% sales growth estimated for German chemical sector in 2011

03-Mar-11
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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