On the 17th, the German Chemical Industry Association released a report on the situation in the first quarter that the entire industry is gratifying, so the industry's annual sales growth is expected to be raised to 9%, and the average price of products is expected to increase by 4% during the year.
In the first quarter, German chemical industry realized sales revenue of 45.2 billion euros, an increase of 15.4% over the same period of last year. The factory price increased by 5.4% and the utilization rate of equipment reached 86.9%, which has reached the limit. The German chemical industry has benefited from the prosperity of other industrial sectors, especially the automotive industry, and has been driven by the burgeoning demand of emerging countries. In the first quarter, the chemical industry added 6,200 new jobs, which is rare for many years. The chemical industry is the fourth largest industrial sector in Germany with 410,000 employees.
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