German chemical industry growing again

VCI yesterday issued a report about the business situation of the German chemical industry and the forecast for the next months. Last year’s final results reversed the trend of early 2016, with a very good fourth quarter, a constant production output vs 2015 and sales growing for the second consecutive time. Growth was stimulated by the recent oil price rally and by recovery in Asia and North America. The forecasts for 2017 predict an increase by 0.5% in production, by 1% in average price and by 1.5% in sales. (Source: VCI)