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In the second quarter of this year, German chemical production fell by 16% year-on-year, but it was 2.5% higher than the “extremely weak†quarter. After a nine-month decline, German chemical industry began to resume growth.
Some analysts have said that the worst case of the chemical industry is over. Some areas have recovered and most customers seem to have exhausted their inventory. For this reason, there are predictions that compared with 2008, German chemical production will drop by 10% this year.