German chemical industry will recover in the second half
2023-11-28 10:08:46
Benefiting from the recovery of industrial production in Germany and Europe, the demand for chemical products in the country will also recover significantly in the second half of the year.
In the context of Germany’s economic recovery and the stabilization of the European economy, industry demand has picked up. With the increase in the production of automobiles and electricity and the improvement of orders in the construction industry, the entire industry is gradually recovering.
In the second quarter of this year, the demand for chemical products in Germany rose by 2.5% from the previous quarter, and the capacity utilization rate from the previous 72% to 74.4%. However, the association still maintains its previous forecast of a 10% drop in chemical production this year and a 12% drop in sales.
In the context of Germany’s economic recovery and the stabilization of the European economy, industry demand has picked up. With the increase in the production of automobiles and electricity and the improvement of orders in the construction industry, the entire industry is gradually recovering.
In the second quarter of this year, the demand for chemical products in Germany rose by 2.5% from the previous quarter, and the capacity utilization rate from the previous 72% to 74.4%. However, the association still maintains its previous forecast of a 10% drop in chemical production this year and a 12% drop in sales.
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