Brief: VCI Says Production Up 2% Y/Y

Covestro AG

13/12/2024 10:54

Dec 13 (Reuters) - GERMANY'S CHEMICAL INDUSTRY
ASSOCIATION VCI:
    * PRODUCTION UP 2% Y/Y, OR UP 4% WITHOUT PHARMACEUTICALS IN
2024
    * TOTAL SALES DOWN 2% Y/Y TO EUR 221 BILLION IN 2024
    * PRODUCER PRICES DOWN 2.5% Y/Y IN 2024
    * EXPECTS A SLIGHT INCREASE OF 0.5% IN PRODUCTION NEXT YEAR
    * PHARMACEUTICALS ARE EXPECTED TO ACHIEVE A SLIGHT INCREASE
OF
0.5%, WHILE THE CHEMICAL SECTOR WILL STAGNATE IN 2025
    * INDUSTRY PRICES COULD FALL SLIGHTLY AROUND 0.5% IN 2025
    * INDUSTRY SALES WILL SLACKEN DUE TO HIGHER PRODUCER PRICES
AND
LOW ORDER BACKLOGS IN 2025
    * VCI: IT IS LIKELY THAT WE WILL SEE A DECLINE IN EMPLOYMENT
NUMBERS -CONF CALL


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