Chemical industry: Difficult outlook despite bottoming out - experts warn of further downward trend

Chemical industry: Difficult outlook despite bottoming out - experts warn of further downward trend

According to a report by www.t-online.de, the German chemical industry continues to find itself in a difficult situation. The Ifo Institute's business climate index fell to minus 15.2 points in December, which represents a deterioration compared to previous months. Current business expectations for the next six months have deteriorated significantly, indicating continued challenges for the industry.

The high energy costs and the low order situation are affecting the chemical industry. The prospects for foreign orders have also worsened, putting additional pressure on the industry. This could lead to even greater job losses as companies have become more pessimistic about their workforce planning.

The chemical industry is not the only one affected by these challenges; other energy-intensive industries are also struggling with similar problems. Metal production and processing as well as the paper industry, coking and petroleum processing, glass and ceramics and stone and earth processing have also experienced a deterioration in the business climate.

Due to these developments, it can be expected that the chemical industry and other energy-intensive industries will continue to struggle with declining sales and job cuts. This is also expected to have an impact on the entire market and the financial sector, as these sectors make up a significant share of the German economy. Financial experts should therefore continue to closely monitor how the situation in these sectors develops in the coming months, as this could also have an impact on investment decisions and investments.