Business Climate in Germany’s Chemical Industry Improved
The business climate in Germany’s chemical industry improved in April. The index rose to -6.0 points, up from -10.1 points* in March. Companies assessed their current business situation at -16.0 points, which is slightly better than in March (-18 points*). Business expectations have brightened considerably – the indicator rose to +4.6 points in April, up from -1.9 points* in March. “The chemical industry is somewhat more confident about the coming months,” says industry expert Anna Wolf from the ifo Institute.
However, the demand situation in the chemical industry remains tense. Almost half the companies complained that they were receiving too few orders. In April, the figure was 46.6%, up from 40.6% in January. Nevertheless, chemical companies are expecting a higher number of orders from abroad. For the first time since January 2023, some companies are also planning to increase their sales prices. More companies plan to expand production in the coming months.
*Seasonally adjusted
Data
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