German Chemical Industry Association said on August 28 that German chemical industry sales in the second quarter of this year rose 9.4% from the same period last year to 42.2 billion euros, setting a record for the industry's quarterly sales history.
The data shows that in the second quarter, the domestic sales revenue of the German chemical industry increased by 8.3% over the same period of last year, and the foreign sales revenue increased by 10.2% year-on-year. During the same period, the industry’s production also increased by 6.2% year-on-year, with pharmaceutical production growth being the most prominent.
In addition, due to rising prices of raw materials and energy, the average price of German chemical products in the second quarter also rose by 2.2% year-on-year. It is also estimated that the total number of employees of German chemical companies in the second quarter was 436,000, a slight increase from the same period last year.
Winning, president of the German Chemical Industry Association and President of Bayer, said that all the important indicators of the German chemical industry show that the industry is in a rising period. The strong economic growth in Germany and Europe is the main support for the rapid development of the chemical industry.
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The data shows that in the second quarter, the domestic sales revenue of the German chemical industry increased by 8.3% over the same period of last year, and the foreign sales revenue increased by 10.2% year-on-year. During the same period, the industry’s production also increased by 6.2% year-on-year, with pharmaceutical production growth being the most prominent.
In addition, due to rising prices of raw materials and energy, the average price of German chemical products in the second quarter also rose by 2.2% year-on-year. It is also estimated that the total number of employees of German chemical companies in the second quarter was 436,000, a slight increase from the same period last year.
Winning, president of the German Chemical Industry Association and President of Bayer, said that all the important indicators of the German chemical industry show that the industry is in a rising period. The strong economic growth in Germany and Europe is the main support for the rapid development of the chemical industry.
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